Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Alternus Clean EnergyALCE 10 Debt-to-Equity is 0.63 as of Mar. 2026. GuruFocus rates ALCE with a GF Score™ of 10/100. The stock has 3 warning signs investors should review. Among 395 Utilities - Independent Power Producers companies, Alternus Clean Energy ranks better than 60.76% on this metric.
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 Alternus Clean Energy's Debt-to-Equity or its related term are showing as below:
ALCE'
s Debt-to-Equity Range Over the Past 10 Years
Min: -61.86 Med: -0.51 Max: 10.22
Current: 0.63
During the past 5 years, the highest Debt-to-Equity Ratio of Alternus Clean Energy was 10.22. The lowest was -61.86. And the median was -0.51.
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.
Alternus Clean Energy Debt-to-Equity Related Terms
Alternus Clean Energy Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Alternus 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.
For the Utilities - Renewable subindustry, Alternus 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.
Alternus Clean Energy Debt-to-Equity vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Alternus Clean Energy's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Alternus Clean Energy's Debt-to-Equity falls into.
* 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.
Alternus Clean Energy (ALCE) has a Debt-to-Equity of 0.63 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Alternus Clean Energy and its competitors. According to the industry distribution chart, Alternus Clean Energy ranks #155 out of 395 companies in the Utilities - Independent Power Producers industry, placing it in the top 39.2%.
Is Alternus Clean Energy's Debt-to-Equity too high?
Alternus Clean Energy's current Debt-to-Equity is 0.63. The Utilities - Independent Power Producers industry median Debt-to-Equity is 0.84. Alternus Clean Energy's value of 0.63 is 25% below this industry median. Based on the distribution chart, Alternus Clean Energy ranks #155 out of 395 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, Alternus Clean Energy has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does Alternus Clean Energy's Debt-to-Equity compare to ETRXF?
According to the Utilities - Independent Power Producers industry distribution chart, Alternus Clean Energy ranks #155 out of 395 companies for Debt-to-Equity. This puts Alternus Clean Energy in the upper half of its industry. The industry median Debt-to-Equity is 0.84. Alternus Clean Energy's value of 0.63 is 25% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Utilities - Independent Power Producers company?
The median Debt-to-Equity among Utilities - Independent Power Producers companies is 0.84, based on 395 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Alternus Clean Energy's current Debt-to-Equity of 0.63 is 25% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Alternus Clean Energy and its competitors. For the Utilities - Independent Power Producers industry, the median Debt-to-Equity is 0.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alternus Clean Energy's current Debt-to-Equity is 0.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alternus Clean Energy stock overvalued right now?
Alternus Clean Energy (ALCE) has a current Debt-to-Equity of 0.63. The current Debt-to-Equity is 0.63 and 25% below the Utilities - Independent Power Producers industry median of 0.84. Alternus Clean Energy's overall GF Score™ is 10/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Alternus Clean Energy (ALCE), the current Debt-to-Equity is 0.63 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Alternus Clean Energy Inc is an international independent clean energy producer. It develops, installs, owns, and operates a diverse portfolio of utility-scale solar photovoltaic power stations (PV parks) in Italy as a long-term owner. The solar parks benefit from long-term government offtake contracts and/or Power Purchase Agreements (PPAs) with investment-grade off-takers, plus energy sales to local power grids. The company has two reportable segments that consist of PV operations by geographical region: United States Operations and European Operations.
10GF Score
Get the complete analysis for ALCE
Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ALCE has been successfully added to your 
