PNE AG (FRA:PNE3) Debt-to-Asset : 0.05 (As of Mar. 2024)

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What is PNE AG Debt-to-Asset?

PNE AG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0.0 Mil. PNE AG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €53.9 Mil. PNE AG's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was €1,181.6 Mil. PNE AG's debt to asset for the quarter that ended in Mar. 2024 was 0.05.

PNE AG Debt-to-Asset Historical Data

The historical data trend for PNE AG's Debt-to-Asset 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.

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PNE AG Debt-to-Asset Chart

PNE AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.43

0.55

0.62

0.70

PNE AG Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.06	0.06	0.06	0.70	0.05

Competitive Comparison of PNE AG's Debt-to-Asset

For the Utilities - Renewable subindustry, PNE AG's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

PNE AG's Debt-to-Asset Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, PNE AG's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where PNE AG's Debt-to-Asset falls into.

PNE AG Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

PNE AG's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(61.213	+	705.207)	/	1100.692
	=	0.70

PNE AG's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0	+	53.9)	/	1181.6
	=	0.05

PNE AG (FRA:PNE3) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

PNE AG Debt-to-Asset Related Terms

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PNE AG (FRA:PNE3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » PNE AG (FRA:PNE3) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

0KUY:UK PNE3:Germany

Address

Peter-Henlein-Strasse 2-4, Cuxhaven, NI, DEU, 27472

Website

https://www.pne-ag.com

PNE AG is a wind farm developer in the offshore area. The company's core business is the project development as well the construction and operation of onshore and offshore wind farms. It operates in three segments: Project development; Service products; and Electricity generation. The project development segment reports sub-divisions such as onshore wind power - national and international, offshore wind power - national and international, and photovoltaic projects - national and international, as well as other projects.

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