ENLT (Enlight Renewable Energy) Debt-to-Equity : 2.61 (As of Sep. 2024)

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What is Enlight Renewable Energy Debt-to-Equity?

Enlight Renewable Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $718.6 Mil. Enlight Renewable Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $2,435.0 Mil. Enlight Renewable Energy's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $1,210.5 Mil. Enlight Renewable Energy's debt to equity for the quarter that ended in Sep. 2024 was 2.61.

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

ENLT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.57 Med: 3.2 Max: 7.36
Current: 2.61

During the past 13 years, the highest Debt-to-Equity Ratio of Enlight Renewable Energy was 7.36. The lowest was 0.57. And the median was 3.20.

ENLT's Debt-to-Equity is ranked worse than
86.4% of 397 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.79 vs ENLT: 2.61

Enlight Renewable Energy Debt-to-Equity Historical Data

The historical data trend for Enlight Renewable 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.

* Premium members only.

Enlight Renewable Energy Debt-to-Equity Chart

Enlight Renewable Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.71

3.20

3.42

2.69

2.31

Enlight Renewable 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															2.00	2.31	2.30	2.45	2.61

Competitive Comparison of Enlight Renewable Energy's Debt-to-Equity

For the Utilities - Renewable subindustry, Enlight Renewable 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.

Enlight Renewable Energy's Debt-to-Equity Distribution in the Utilities - Independent Power Producers Industry

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

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

Enlight Renewable Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Enlight Renewable 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
	=	(360.082	+	2339.476)	/	1168.759
	=	2.31

Enlight Renewable 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
	=	(718.573	+	2434.955)	/	1210.536
	=	2.61

Enlight Renewable Energy (NAS:ENLT) 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.

Enlight Renewable Energy Debt-to-Equity Related Terms

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Enlight Renewable Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Enlight Renewable Energy Ltd (NAS:ENLT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ENLT:Israel

Address

13 Amal Street, P.O. Box 11659, Afek Industrial Park, Rosh Haayin, ISR, 4809249

Website

https://www.enlightenergy.co.il

Enlight Renewable Energy Ltd develops, finances, constructs, owns, and operates utility-scale renewable energy projects. It operates across the three largest renewable segments namely solar, wind and energy storage. Geographically, it operates in the United States, Israel and 9 European countries.