Tidewater Renewables (TSX:LCFS) Debt-to-Equity : 0.62 (As of Mar. 2024)

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What is Tidewater Renewables Debt-to-Equity?

Tidewater Renewables's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$174.5 Mil. Tidewater Renewables's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$144.0 Mil. Tidewater Renewables's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$515.2 Mil. Tidewater Renewables's debt to equity for the quarter that ended in Mar. 2024 was 0.62.

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

TSX:LCFS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.16 Med: 0.64 Max: 0.75
Current: 0.68

During the past 6 years, the highest Debt-to-Equity Ratio of Tidewater Renewables was 0.75. The lowest was 0.16. And the median was 0.64.

TSX:LCFS's Debt-to-Equity is ranked better than
58.82% of 391 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.79 vs TSX:LCFS: 0.68

Tidewater Renewables Debt-to-Equity Historical Data

The historical data trend for Tidewater Renewables'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.

Tidewater Renewables Debt-to-Equity Chart

Tidewater Renewables Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.75

0.64

0.16

0.40

0.68

Tidewater Renewables Quarterly Data
	Dec18	Dec19	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial												0.53	0.59	0.64	0.68	0.62

Competitive Comparison of Tidewater Renewables's Debt-to-Equity

For the Utilities - Renewable subindustry, Tidewater Renewables'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.

Tidewater Renewables's Debt-to-Equity Distribution in the Utilities - Independent Power Producers Industry

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

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

Tidewater Renewables Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tidewater Renewables'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
	=	(201.62	+	143.977)	/	506.627
	=	0.68

Tidewater Renewables's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(174.503	+	143.996)	/	515.168
	=	0.62

Tidewater Renewables (TSX:LCFS) 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.

Tidewater Renewables Debt-to-Equity Related Terms

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Tidewater Renewables (TSX:LCFS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Tidewater Renewables Ltd (TSX:LCFS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TDWRF:USA 7GZ:Germany

Address

222 - 3rd Avenue SW, Suite 900, Calgary, AB, CAN, T2P 0B4

Website

https://www.tidewatermidstream.com

Tidewater Renewables Ltd has been formed to become a multi-faceted, energy transition company. It is focused on the production of low-carbon fuels, including renewable diesel, renewable hydrogen, and renewable natural gas, as well as carbon capture. The corporation generates revenue from the sale of renewable products. The renewable energy operating segment includes the following revenue categories: renewable fuels and renewable natural gas.

Executives

Bryan Philip Morin

Senior Officer

Tidewater Renewables (TSX:LCFS) Headlines

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