Carnegie Clean Energy (ASX:CCE) Debt-to-Equity

: 0.01 (As of Dec. 2022)

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Carnegie Clean Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was A$0.07 Mil. Carnegie Clean Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was A$0.06 Mil. Carnegie Clean Energy's Total Stockholders Equity for the quarter that ended in Dec. 2022 was A$20.99 Mil. Carnegie Clean Energy's debt to equity for the quarter that ended in Dec. 2022 was 0.01.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Carnegie Clean Energy's Debt-to-Equity or its related term are showing as below:

ASX:CCE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.04 Max: 0.65
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of Carnegie Clean Energy was 0.65. The lowest was 0.00. And the median was 0.04.

ASX:CCE's Debt-to-Equity is ranked better than
99.72% of 363 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.83 vs ASX:CCE: 0.01

Carnegie Clean Energy Debt-to-Equity Historical Data

The historical data trend for Carnegie Clean Energy's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Carnegie Clean Energy Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Debt-to-Equity

0.14

0.64

0.17

0.01

Carnegie Clean Energy Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
Debt-to-Equity																0.17	-	-	0.01	0.01

Competitive Comparison

For the Utilities - Renewable subindustry, Carnegie Clean Energy's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Annual Data Quarterly Data

Carnegie Clean Energy Debt-to-Equity Distribution

For the Utilities - Independent Power Producers industry and Utilities sector, Carnegie Clean Energy's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Carnegie Clean Energy's Debt-to-Equity falls in comparison to its industry or sector. The grey bar indicates the Debt-to-Equity's extreme value range as defined by GuruFocus.

Carnegie Clean Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Carnegie Clean Energy's Debt to Equity Ratio for the fiscal year that ended in Jun. 2022 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0.069	+	0.098)	/	20.734
	=	0.01

Carnegie Clean Energy's Debt to Equity Ratio for the quarter that ended in Dec. 2022 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0.069	+	0.063)	/	20.989
	=	0.01

Carnegie Clean Energy (ASX:CCE) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Carnegie Clean Energy Debt-to-Equity Related Terms

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Carnegie Clean Energy (ASX:CCE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Carnegie Clean Energy Ltd (ASX:CCE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CWGYF:USA CNM1:Germany

Address

21 North Mole Drive, North Fremantle, Fremantle, WA, AUS, 6159

Website

https://www.carnegiece.com

Carnegie Clean Energy Ltd is the developer of utility-scale solar, battery, wave, and hybrid energy projects. The firm is mainly engaged in CETO wave energy technology/microgrid build, own, operator, which is developing and commercializing technology for zero-emission electricity generation from ocean swell, and the production and selling of energy through the ownership of microgrids; and Solar and Battery engineering and procurement. The firm realizes revenue from the sales of Garden Island Microgrid.

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