Corporacion Acciona Energias Renovables (CHIX:ANEE) Debt-to-Equity : 0.86 (As of Dec. 2023)

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What is Corporacion Acciona Energias Renovables Debt-to-Equity?

Corporacion Acciona Energias Renovables's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €339 Mil. Corporacion Acciona Energias Renovables's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €4,670 Mil. Corporacion Acciona Energias Renovables's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €5,850 Mil. Corporacion Acciona Energias Renovables's debt to equity for the quarter that ended in Dec. 2023 was 0.86.

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 Corporacion Acciona Energias Renovables's Debt-to-Equity or its related term are showing as below:

CHIX:ANEe' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.54 Med: 1.23 Max: 1.74
Current: 0.86

During the past 6 years, the highest Debt-to-Equity Ratio of Corporacion Acciona Energias Renovables was 1.74. The lowest was 0.54. And the median was 1.23.

CHIX:ANEe's Debt-to-Equity is ranked worse than
52.15% of 395 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.81 vs CHIX:ANEe: 0.86

Corporacion Acciona Energias Renovables Debt-to-Equity Historical Data

The historical data trend for Corporacion Acciona Energias Renovables'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.

Corporacion Acciona Energias Renovables Debt-to-Equity Chart

Corporacion Acciona Energias Renovables Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.67

1.74

0.61

0.54

0.86

Corporacion Acciona Energias Renovables Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial					0.61	0.62	0.54	0.76	0.86

Competitive Comparison of Corporacion Acciona Energias Renovables's Debt-to-Equity

For the Utilities - Renewable subindustry, Corporacion Acciona Energias Renovables'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.

Corporacion Acciona Energias Renovables's Debt-to-Equity Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Corporacion Acciona Energias Renovables's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Corporacion Acciona Energias Renovables's Debt-to-Equity falls into.

Corporacion Acciona Energias Renovables Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Corporacion Acciona Energias Renovables'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
	=	(339	+	4670)	/	5850
	=	0.86

Corporacion Acciona Energias Renovables'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
	=	(339	+	4670)	/	5850
	=	0.86

Corporacion Acciona Energias Renovables (CHIX:ANEe) 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.

Corporacion Acciona Energias Renovables Debt-to-Equity Related Terms

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Corporacion Acciona Energias Renovables (CHIX:ANEE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Corporacion Acciona Energias Renovables SA (CHIX:ANEe) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ANE:Spain 5BP:Germany

Address

Avenida de Europa, 18, Parque Empresarial La Moraleja, Alcobendas, Madrid, ESP, 28108

Website

https://www.acciona-energia.com

A renewables developer, Acciona Energia was spun off from Spanish industrial conglomerate Acciona in July 2021. The floating share is 17.3%. In June 2022, the group had 9.2 gigawatts of consolidated capacity (11.2 GW of total capacity). Eighty percent of Acciona Energia's capacity is onshore wind, nearly 10% is hydro dams in Spain and 9% is solar photovoltaic. Geographically, 50% of the capacity are located in Spain. The three biggest markets outside Spain are Mexico, the U.S., and Australia accounting for 12%, 11%, and 6% of capacity, respectively.

Corporacion Acciona Energias Renovables (CHIX:ANEE) Headlines

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