Renergen (ASX:RLT) Debt-to-Equity

: 1.50 (As of Aug. 2023)

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Renergen's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was A$37.70 Mil. Renergen's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was A$64.85 Mil. Renergen's Total Stockholders Equity for the quarter that ended in Aug. 2023 was A$68.49 Mil. Renergen's debt to equity for the quarter that ended in Aug. 2023 was 1.50.

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 Renergen's Debt-to-Equity or its related term are showing as below:

ASX:RLT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 1.43 Max: 2.89
Current: 1.5

During the past 7 years, the highest Debt-to-Equity Ratio of Renergen was 2.89. The lowest was 0.00. And the median was 1.43.

ASX:RLT's Debt-to-Equity is ranked worse than
85.06% of 830 companies
in the Oil & Gas industry
Industry Median: 0.435 vs ASX:RLT: 1.50

Renergen Debt-to-Equity Historical Data

The historical data trend for Renergen'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.

Renergen Annual Data

Trend

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Debt-to-Equity

0.22

1.44

2.62

2.89

1.09

Renergen Semi-Annual Data
	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Debt-to-Equity											1.81	2.89	1.43	1.09	1.50

Competitive Comparison

For the Oil & Gas E&P subindustry, Renergen'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.

Renergen Debt-to-Equity Distribution

For the Oil & Gas industry and Energy sector, Renergen's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Renergen's Debt-to-Equity falls into.

Renergen Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Renergen's Debt to Equity Ratio for the fiscal year that ended in Feb. 2023 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
	=	(8.56	+	65.446)	/	68.083
	=	1.09

Renergen's Debt to Equity Ratio for the quarter that ended in Aug. 2023 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
	=	(37.699	+	64.847)	/	68.492
	=	1.50

Renergen (ASX:RLT) 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.

Renergen Debt-to-Equity Related Terms

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Renergen (ASX:RLT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Renergen Ltd (ASX:RLT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

REN:South Africa RGNTF:USA RGNNF:USA 9960:Germany

Address

1 Bompas Road, First Floor, Dunkeld West, Johannesburg, ZAF, 2196

Website

https://www.renergen.co.za

Renergen Ltd is an investment holding company focused on the alternative and renewable energy sectors in South Africa and sub-Saharan Africa. It has two reportable segments namely Corporate Head office where all investment decisions are made; and Tetra4 Proprietary Ltd which explores, develops, and sells compressed natural gas to the South African market.

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