Drax Group (Drax Group) Debt-to-Equity : 0.79 (As of Dec. 2023)

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What is Drax Group Debt-to-Equity?

Drax Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $366 Mil. Drax Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,610 Mil. Drax Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2,495 Mil. Drax Group's debt to equity for the quarter that ended in Dec. 2023 was 0.79.

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

DRXGY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.16 Med: 0.54 Max: 1.22
Current: 0.79

During the past 13 years, the highest Debt-to-Equity Ratio of Drax Group was 1.22. The lowest was 0.16. And the median was 0.54.

DRXGY's Debt-to-Equity is ranked better than
51.55% of 388 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.845 vs DRXGY: 0.79

Drax Group Debt-to-Equity Historical Data

The historical data trend for Drax Group'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.

Drax Group Debt-to-Equity Chart

Drax Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.75

0.82

1.16

1.22

0.79

Drax Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.16	1.20	1.22	0.93	0.79

Competitive Comparison of Drax Group's Debt-to-Equity

For the Utilities - Renewable subindustry, Drax Group'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.

Drax Group's Debt-to-Equity Distribution in the Utilities - Independent Power Producers Industry

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

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

Drax Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Drax Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(366.203	+	1609.873)	/	2494.937
	=	0.79

Drax Group's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(366.203	+	1609.873)	/	2494.937
	=	0.79

Drax Group (OTCPK:DRXGY) 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.

Drax Group Debt-to-Equity Related Terms

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Drax Group (Drax Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Drax Group PLC (OTCPK:DRXGY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

DRXGF:USA DRXl:UK DRX:UK D9F2:Germany

Address

Drax Power Station, Selby, North Yorkshire, GBR, YO8 8PH

Website

http://www.drax.com

Drax Group PLC is a UK-based renewable energy company engaged in renewable power generation, the production of sustainable biomass and the sale of renewable electricity to businesses. It operates a generation portfolio of sustainable biomass, hydro-electric and pumped hydro storage assets across four sites in England and Scotland. The company also operates a global bioenergy supply business with manufacturing facilities at around 13 sites in the United States and Canada, producing compressed wood pellets for its own use and for customers in Europe and Asia.