Cloudberry Clean Energy ASA (CHIX:CLOUDO) Debt-to-Equity : 0.40 (As of Mar. 2024)

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What is Cloudberry Clean Energy ASA Debt-to-Equity?

Cloudberry Clean Energy ASA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr93.0 Mil. Cloudberry Clean Energy ASA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr1,517.0 Mil. Cloudberry Clean Energy ASA's Total Stockholders Equity for the quarter that ended in Mar. 2024 was kr4,040.0 Mil. Cloudberry Clean Energy ASA's debt to equity for the quarter that ended in Mar. 2024 was 0.40.

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 Cloudberry Clean Energy ASA's Debt-to-Equity or its related term are showing as below:

CHIX:CLOUDo' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.12 Max: 0.4
Current: 0.4

During the past 6 years, the highest Debt-to-Equity Ratio of Cloudberry Clean Energy ASA was 0.40. The lowest was 0.05. And the median was 0.12.

CHIX:CLOUDo's Debt-to-Equity is ranked better than
70.63% of 395 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.81 vs CHIX:CLOUDo: 0.40

Cloudberry Clean Energy ASA Debt-to-Equity Historical Data

The historical data trend for Cloudberry Clean Energy ASA'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.

Cloudberry Clean Energy ASA Debt-to-Equity Chart

Cloudberry Clean Energy ASA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.05

0.25

0.12

0.10

0.40

Cloudberry Clean Energy ASA Quarterly Data
	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial													0.10	0.37	0.36	0.40	0.40

Competitive Comparison of Cloudberry Clean Energy ASA's Debt-to-Equity

For the Utilities - Renewable subindustry, Cloudberry Clean Energy ASA'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.

Cloudberry Clean Energy ASA's Debt-to-Equity Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Cloudberry Clean Energy ASA's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Cloudberry Clean Energy ASA's Debt-to-Equity falls into.

Cloudberry Clean Energy ASA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cloudberry Clean Energy ASA'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
	=	(85	+	1499)	/	3931
	=	0.40

Cloudberry Clean Energy ASA'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
	=	(93	+	1517)	/	4040
	=	0.40

Cloudberry Clean Energy ASA (CHIX:CLOUDo) 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.

Cloudberry Clean Energy ASA Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Cloudberry Clean Energy ASA's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Cloudberry Clean Energy ASA (CHIX:CLOUDO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Cloudberry Clean Energy ASA (CHIX:CLOUDo) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CLOUDo:Sweden CLOUD:Norway 52K:Germany

Address

Froyas gate 15, Oslo, NOR, NO-0273

Website

https://www.cloudberry.no

Cloudberry Clean Energy ASA is a Nordic energy company that owns, develops, and operates hydropower and wind power plants in Norway and Sweden. The company produces renewable energy for future generations, with an ambition to develop a sustainable society and create value for stakeholders. The company has three revenue generating segments and one cost-efficient corporate segment. Development segment consists of green-field projects both onshore and off-shore. Production segment is engaged in operating assets, with power sold in the spot market and under fixed price Power Purchase Agreements. Operations segment delivers services such as asset management of hydro and wind assets, including digital solutions.

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