Good Energy Group (LSE:GOOD) Debt-to-Equity : 0.13 (As of Jun. 2024)

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What is Good Energy Group Debt-to-Equity?

Good Energy Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was £0.5 Mil. Good Energy Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was £5.5 Mil. Good Energy Group's Total Stockholders Equity for the quarter that ended in Jun. 2024 was £48.2 Mil. Good Energy Group's debt to equity for the quarter that ended in Jun. 2024 was 0.13.

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

LSE:GOOD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1 Med: 2.75 Max: 3.87
Current: 0.13

During the past 13 years, the highest Debt-to-Equity Ratio of Good Energy Group was 3.87. The lowest was 0.10. And the median was 2.75.

LSE:GOOD's Debt-to-Equity is ranked better than
86.72% of 399 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.79 vs LSE:GOOD: 0.13

Good Energy Group Debt-to-Equity Historical Data

The historical data trend for Good Energy Group'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.

Good Energy Group Debt-to-Equity Chart

Good Energy Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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3.18

1.76

0.24

0.13

0.15

Good Energy Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															0.19	0.13	0.10	0.15	0.13

Competitive Comparison of Good Energy Group's Debt-to-Equity

For the Utilities - Renewable subindustry, Good Energy Group'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.

Good Energy Group's Debt-to-Equity Distribution in the Utilities - Independent Power Producers Industry

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

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

Good Energy Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Good Energy Group'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
	=	(0.531	+	5.687)	/	42.005
	=	0.15

Good Energy Group's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(0.535	+	5.52)	/	48.157
	=	0.13

Good Energy Group (LSE:GOOD) 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.

Good Energy Group Debt-to-Equity Related Terms

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Good Energy Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Good Energy Group PLC (LSE:GOOD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Monkton Park Offices, Monkton Park, Chippenham, Wiltshire, GBR, SN15 1GH

Website

https://www.goodenergy.co.uk

Good Energy Group PLC is a developer and supplier of electricity in the United Kingdom. The company is engaged in the purchase and sale of electricity from renewable sources, the sale of gas, services relating to micro-renewable generation, solar and heat pump installation services and the sale of EV market data services. Its segments are Electricity Supply, FiT Administration, Gas Supply, Energy as a Service (including Zap-map, Good Energy Works, and Wessex ECOEnergy), and Holding companies. The company generates a vast majority of its revenues from Electricity Supply companies.