Alternergy Holdings (PHS:ALTER) Debt-to-Equity : 0.57 (As of Mar. 2024)

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What is Alternergy Holdings Debt-to-Equity?

Alternergy Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₱328.4 Mil. Alternergy Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₱1,734.1 Mil. Alternergy Holdings's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₱3,594.2 Mil. Alternergy Holdings's debt to equity for the quarter that ended in Mar. 2024 was 0.57.

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 Alternergy Holdings's Debt-to-Equity or its related term are showing as below:

PHS:ALTER' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.4 Med: 0.93 Max: 3.73
Current: 0.57

During the past 6 years, the highest Debt-to-Equity Ratio of Alternergy Holdings was 3.73. The lowest was 0.40. And the median was 0.93.

PHS:ALTER's Debt-to-Equity is ranked better than
63.68% of 391 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.79 vs PHS:ALTER: 0.57

Alternergy Holdings Debt-to-Equity Historical Data

The historical data trend for Alternergy Holdings'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.

Alternergy Holdings Debt-to-Equity Chart

Alternergy Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Jun22

Jun23

Debt-to-Equity

Get a 7-Day Free Trial

0.99

1.35

1.79

2.75

0.88

Alternergy Holdings Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Jun22	Sep22	Mar23	Jun23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial							3.73	0.87	0.88	0.50	0.57

Competitive Comparison of Alternergy Holdings's Debt-to-Equity

For the Utilities - Renewable subindustry, Alternergy Holdings'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.

Alternergy Holdings's Debt-to-Equity Distribution in the Utilities - Independent Power Producers Industry

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

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

Alternergy Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Alternergy Holdings's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(335.168	+	1485.669)	/	2081.128
	=	0.87

Alternergy Holdings's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(328.384	+	1734.116)	/	3594.186
	=	0.57

Alternergy Holdings (PHS:ALTER) 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.

Alternergy Holdings Debt-to-Equity Related Terms

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Alternergy Holdings (PHS:ALTER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Alternergy Holdings Corp (PHS:ALTER) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Paseo de Roxas corner Legazpi Street, Level 3B, 111 Paseo de Roxas Building, Legazpi Village, Makati, PHL, 1229

Website

https://www.alternergy.com

Alternergy Holdings Corp is a renewable energy holding company. The company's segments include Wind Energy; Hydro Energy; Solar Energy and Retail Energy Supplier (RES). It generates maximum revenue from the Solar Energy segment. The Solar Energy segment includes Generation and supply of solar power to various customers under power supply contracts.

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