CPWR (Ocean Thermal Energy) Debt-to-Equity: -0.15 (As of Jun. 2026)

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What is Ocean Thermal Energy Debt-to-Equity?

Ocean Thermal Energy CPWR Debt-to-Equity is -0.15 as of Jun. 2026. The stock has 3 warning signs investors should review. Among 400 Utilities - Independent Power Producers companies, Ocean Thermal Energy ranks worse than 249999.75% on this metric.

Ocean Thermal Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was $8.69 Mil. Ocean Thermal Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was $0.00 Mil. Ocean Thermal Energy's Total Stockholders Equity for the quarter that ended in Jun. 2026 was $-56.58 Mil. Ocean Thermal Energy's debt to equity for the quarter that ended in Jun. 2026 was -0.15.

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

CPWR' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.62   Med: -0.3   Max: -0.02
Current: -0.15

During the past 13 years, the highest Debt-to-Equity Ratio of Ocean Thermal Energy was -0.02. The lowest was -0.62. And the median was -0.30.

CPWR's Debt-to-Equity is not ranked
in the Utilities - Independent Power Producers industry.
Industry Median: 0.84 vs CPWR: -0.15

Ocean Thermal Energy  (OTCPK:CPWR) 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.

Ocean Thermal Energy Debt-to-Equity Related Terms

Ocean Thermal Energy Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Ocean Thermal 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.

Ocean Thermal Energy Debt-to-Equity Chart

Ocean Thermal Energy Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.29 -0.24 -0.20 -0.19 -0.08

Ocean Thermal Energy Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 -0.06 -0.04 -0.08 -0.17 -0.15

CPWR vs BNRG, CREG, ETRXF: Debt-to-Equity Comparison

For the Utilities - Renewable subindustry, Ocean Thermal 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.

Ocean Thermal Energy Debt-to-Equity vs Utilities - Independent Power Producers Industry

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

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


Ocean Thermal Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ocean Thermal Energy's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 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
=(8.589 + 0.071) / -113.401
=-0.08

Ocean Thermal Energy's Debt to Equity Ratio for the quarter that ended in Jun. 2026 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
=(8.687 + 0) / -56.581
=-0.15

* 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 -0.15 mean?
Ocean Thermal Energy (CPWR) has a Debt-to-Equity of -0.15 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Ocean Thermal Energy and its competitors. According to the industry distribution chart, Ocean Thermal Energy ranks #999999 out of 400 companies in the Utilities - Independent Power Producers industry.
Is Ocean Thermal Energy's Debt-to-Equity too high?
Ocean Thermal Energy's current Debt-to-Equity is -0.15. Based on the distribution chart, Ocean Thermal Energy ranks #999999 out of 400 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers.
How does Ocean Thermal Energy's Debt-to-Equity compare to BNRG and CREG?
According to the Utilities - Independent Power Producers industry distribution chart, Ocean Thermal Energy ranks #999999 out of 400 companies for Debt-to-Equity. This places Ocean Thermal Energy in the lower half of its industry. The industry median Debt-to-Equity is 0.84. 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 400 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 Ocean Thermal 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. Ocean Thermal Energy's current Debt-to-Equity is -0.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ocean Thermal Energy stock overvalued right now?
Ocean Thermal Energy (CPWR) has a current Debt-to-Equity of -0.15. The current Debt-to-Equity is -0.15. 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 Ocean Thermal Energy (CPWR), the current Debt-to-Equity is -0.15 as of Jun. 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.

Ocean Thermal Energy Business Description

Address 3675 Market Street, Suite 200, Philadelphia, PA, USA, 19104
Ocean Thermal Energy Corp is engaged in the business of developing designs for renewable energy systems using Ocean Thermal Energy Conversion (OTEC) technology. OTEC uses the natural temperature difference between cooler deep ocean water and warmer shallow or surface water to create energy and produce electricity. The company also aims to develop projects for renewable power generation, desalinated water production, and air conditioning using the proprietary technologies designed to extract energy from the temperature differences between warm surface water and cold deep water. In addition, the projects provide ancillary products such as potable/bottled water and high-profit aquaculture, mariculture, and agriculture opportunities.