Alternus Energy Group (OSL:ALT) Debt-to-Equity : -4.71 (As of Sep. 2023)

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What is Alternus Energy Group Debt-to-Equity?

Alternus Energy Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was kr2,097.2 Mil. Alternus Energy Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was kr216.5 Mil. Alternus Energy Group's Total Stockholders Equity for the quarter that ended in Sep. 2023 was kr-491.8 Mil. Alternus Energy Group's debt to equity for the quarter that ended in Sep. 2023 was -4.70.

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

OSL:ALT' s Debt-to-Equity Range Over the Past 10 Years
Min: -49.62 Med: 3.84 Max: 9.75
Current: -4.71

During the past 5 years, the highest Debt-to-Equity Ratio of Alternus Energy Group was 9.75. The lowest was -49.62. And the median was 3.84.

OSL:ALT's Debt-to-Equity is not ranked
in the Utilities - Independent Power Producers industry.
Industry Median: 0.79 vs OSL:ALT: -4.71

Alternus Energy Group Debt-to-Equity Historical Data

The historical data trend for Alternus 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.

Alternus Energy Group Debt-to-Equity Chart

Alternus Energy Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

5.16

9.75

-25.89

2.81

3.84

Alternus Energy Group Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial										5.28	5.22	3.84	-49.62	-4.71

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

For the Utilities - Renewable subindustry, Alternus 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.

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

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

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

Alternus Energy Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Alternus Energy Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(3.172	+	1501.568)	/	392.062
	=	3.84

Alternus Energy Group's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(2097.247	+	216.489)	/	-491.781
	=	-4.70

Alternus Energy Group (OSL:ALT) 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.

Alternus Energy Group Debt-to-Equity Related Terms

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Alternus Energy Group (OSL:ALT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Alternus Energy Group PLC (OSL:ALT) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

ALTNF:USA

Address

Blanchardstown Corporate Park 2, Suite 9-10 Plaza 212, Dublin, IRL, D15 R504

Website

https://www.alternusenergy.com

Alternus Energy Group PLC is an independent power producer of green energy. It develops, owns, and operates Utility-Scale Solar projects across Europe. The company's solar PV parks produce clean green energy and replace polluting greenhouse gas-emitting and fossil fuel-based energy. Its current portfolio consists of renewable energy facilities that are generally contracted under long-term Country Renewable Programs (FIT programs) or Energy Offtake Agreements (PPAs/VPPAs) with creditworthy counterparties.