MDDNF (Meridian Energy) Debt-to-Equity : 0.22 (As of Dec. 2024)

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What is Meridian Energy Debt-to-Equity?

Meridian Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $283 Mil. Meridian Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $686 Mil. Meridian Energy's Total Stockholders Equity for the quarter that ended in Dec. 2024 was $4,509 Mil. Meridian Energy's debt to equity for the quarter that ended in Dec. 2024 was 0.22.

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

MDDNF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.17 Med: 0.26 Max: 0.35
Current: 0.22

During the past 12 years, the highest Debt-to-Equity Ratio of Meridian Energy was 0.35. The lowest was 0.17. And the median was 0.26.

MDDNF's Debt-to-Equity is ranked better than
80.41% of 393 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.85 vs MDDNF: 0.22

Meridian Energy Debt-to-Equity Historical Data

The historical data trend for Meridian 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.

Meridian Energy Debt-to-Equity Chart

Meridian Energy Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Debt-to-Equity

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0.35

0.34

0.22

0.21

0.17

Meridian Energy Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial															0.19	0.21	0.24	0.17	0.22

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

For the Utilities - Renewable subindustry, Meridian 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.

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

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

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

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Meridian Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Meridian Energy's Debt to Equity Ratio for the fiscal year 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
	=	(145.488	+	699.816)	/	5062.001
	=	0.17

Meridian Energy's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(283.333	+	686.207)	/	4508.621
	=	0.22

Meridian Energy (OTCPK:MDDNF) 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.

Meridian Energy Debt-to-Equity Related Terms

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Meridian Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Meridian Energy Ltd (OTCPK:MDDNF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MEL:New Zealand 15M1:Germany MEZ:Australia

Address

98 Customhouse Quay, Level 2, Wellington, STL, NZL, 6011

Website

https://www.meridianenergy.co.nz

Meridian Energy is one of New Zealand's leading utilities. It is the largest electricity producer in the nation, with a third of the market, and the fourth-largest energy retailer, with about 15% of the market by customer numbers. It generates 100% renewable electricity, mainly from large hydroelectric schemes in the South Island. It also owns a geographically diversified portfolio of wind farms.