CIPI (Correlate Energy) Debt-to-Equity: -0.35 (As of Sep. 2024)

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CIPI Correlate Energy Corp CIPI
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What is Correlate Energy Debt-to-Equity?

Correlate Energy CIPI 12 Debt-to-Equity is -0.35 as of Sep. 2024. GuruFocus rates CIPI with a GF Score™ of 12/100.

Correlate Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $1.64 Mil. Correlate Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.00 Mil. Correlate Energy's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $-4.64 Mil. Correlate Energy's debt to equity for the quarter that ended in Sep. 2024 was -0.35.

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

CIPI's Debt-to-Equity is not ranked *
in the Construction industry.
Industry Median: 0.41
* Ranked among companies with meaningful Debt-to-Equity only.

Correlate Energy  (OTCPK:CIPI) 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.

Correlate Energy Debt-to-Equity Related Terms

Correlate Energy Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Correlate 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.

Correlate Energy Debt-to-Equity Chart

Correlate Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.12 -0.67 -1.14

Correlate Energy Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.36 -1.14 -0.78 -0.62 -0.35

CIPI vs WLGSF, PWR, EME: Debt-to-Equity Comparison

For the Engineering & Construction subindustry, Correlate 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.

Correlate Energy Debt-to-Equity vs Construction Industry

For the Construction industry and Industrials sector, Correlate Energy's Debt-to-Equity distribution charts can be found below:

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


CIPI
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Correlate Energy Corp CIPI
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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Correlate Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Correlate Energy'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
=(2.68 + 0.935) / -3.18
=-1.14

Correlate Energy's Debt to Equity Ratio for the quarter that ended in Sep. 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
=(1.64 + 0) / -4.637
=-0.35

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of -0.35 mean?
Correlate Energy (CIPI) has a Debt-to-Equity of -0.35 as of Sep. 2024. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Correlate Energy and its competitors.
Is Correlate Energy's Debt-to-Equity too high?
Correlate Energy's current Debt-to-Equity is -0.35. Overall, Correlate Energy has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Correlate Energy's Debt-to-Equity compare to WLGSF and PWR?
Correlate Energy's Debt-to-Equity of -0.35 can be compared against companies in the Construction industry. The industry median Debt-to-Equity is 0.41. 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 a Construction company?
The median Debt-to-Equity among Construction companies is 0.41, based on 1,612 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. 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 Correlate Energy and its competitors. For the Construction industry, the median Debt-to-Equity is 0.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Correlate Energy's current Debt-to-Equity is -0.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Correlate Energy stock overvalued right now?
Correlate Energy (CIPI) has a current Debt-to-Equity of -0.35. The current Debt-to-Equity is -0.35. Correlate Energy's overall GF Score™ is 12/100. 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 Correlate Energy (CIPI), the current Debt-to-Equity is -0.35 as of Sep. 2024. 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.

Correlate Energy Business Description

Address 176 S. Capitol Boulevard, 2nd Floor, Boise, ID, USA, 83702
Correlate Energy Corp together with its subsidiaries, is a technology-enabled clean energy optimization provider that offers a complete suite of proprietary clean energy assessment and deployment solutions for commercial and industrial (C&I) building and property owners in North America. The company generates revenue from its in-house and end-to-end development and fulfillment resources for engineering, procurement, and construction services (EPC) and consulting services. Under contracts for EPC services, it provides engineering services, obtains materials, and installs materials to agreed-upon specifications. Through its consulting services, the company assists its clients in achieving certain defined project milestones.
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