Terna Energy (LTS:0OJX) Debt-to-Equity : 2.42 (As of Dec. 2023)

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What is Terna Energy Debt-to-Equity?

Terna Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €114.8 Mil. Terna Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €1,083.1 Mil. Terna Energy's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €495.2 Mil. Terna Energy's debt to equity for the quarter that ended in Dec. 2023 was 2.42.

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

LTS:0OJX' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.05 Med: 2.09 Max: 2.91
Current: 2.59

During the past 13 years, the highest Debt-to-Equity Ratio of Terna Energy was 2.91. The lowest was 1.05. And the median was 2.09.

LTS:0OJX's Debt-to-Equity is ranked worse than
87.47% of 391 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.79 vs LTS:0OJX: 2.59

Terna Energy Debt-to-Equity Historical Data

The historical data trend for Terna 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.

Terna Energy Debt-to-Equity Chart

Terna Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

2.40

1.99

2.38

2.39

2.42

Terna Energy Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															2.38	2.52	2.39	2.59	2.42

Competitive Comparison of Terna Energy's Debt-to-Equity

For the Utilities - Renewable subindustry, Terna 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.

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

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

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

Terna Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Terna 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
	=	(114.838	+	1083.1)	/	495.172
	=	2.42

Terna Energy's Debt to Equity Ratio for the quarter 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
	=	(114.838	+	1083.1)	/	495.172
	=	2.42

Terna Energy (LTS:0OJX) 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.

Terna Energy Debt-to-Equity Related Terms

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

Terna Energy (LTS:0OJX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Terna Energy SA (LTS:0OJX) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

TENERGY:Greece 44T:Germany

Address

85 Mesogeion Avenue, Athens, GRC, 115 26

Website

https://www.terna-energy.com

Terna Energy SA is a Greece based company mainly engaged in the energy and construction sector. It operates through the following segments: The Construction segment refers to the development of wind farms and other units for electricity production from renewable energy sources; The Electricity from Renewable Sources of Energy segment mainly concerns the production of electricity through wind energy; The Concessions Segment concerns the construction and operation of infrastructure and public sector projects in exchange for the long-term operation of the above projects through the provision of services to the public. The majority is from the Electricity from Renewable Sources of Energy segment. Geographically, the key revenue is from Greece.

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