Citicore Renewable EnergyPHS:CREC -1.77%3 Debt-to-Equity is 2.31 as of Mar. 2026, which is 41% above its 10-year median of 1.64. GuruFocus rates PHS:CREC with a GF Score™ of 3/100. The stock has 7 warning signs investors should review. Among 392 Utilities - Independent Power Producers companies, Citicore Renewable Energy ranks worse than 81.63% on this metric.
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 Citicore Renewable Energy's Debt-to-Equity or its related term are showing as below:
PHS:CREC'
s Debt-to-Equity Range Over the Past 10 Years
Min: 1.14 Med: 1.64 Max: 2.31
Current: 2.31
During the past 4 years, the highest Debt-to-Equity Ratio of Citicore Renewable Energy was 2.31. The lowest was 1.14. And the median was 1.64.
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.
Citicore Renewable Energy Debt-to-Equity Related Terms
Citicore Renewable Energy Debt-to-Equity Historical Data
* 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.
Citicore Renewable Energy Debt-to-Equity Competitor Comparison
For the Utilities - Renewable subindustry, Citicore Renewable 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.
Citicore Renewable Energy Debt-to-Equity vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Citicore Renewable Energy's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Citicore Renewable Energy's Debt-to-Equity falls into.
* 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.
Citicore Renewable Energy (PHS:CREC) has a Debt-to-Equity of 2.31 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Citicore Renewable Energy and its competitors. This is 41% above median its historical median of 1.64. Over the past decade, Citicore Renewable Energy's Debt-to-Equity has ranged from 1.14 to 2.31. According to the industry distribution chart, Citicore Renewable Energy ranks #320 out of 392 companies in the Utilities - Independent Power Producers industry, placing it in the top 81.6%.
Is Citicore Renewable Energy's Debt-to-Equity too high?
Citicore Renewable Energy's current Debt-to-Equity of 2.31 is 41% above median its 10-year median of 1.64. Over the past 10 years, this metric has ranged from a low of 1.14 to a high of 2.31. The Utilities - Independent Power Producers industry median Debt-to-Equity is 0.85. Citicore Renewable Energy's value of 2.31 is 171.8% above this industry median. Based on the distribution chart, Citicore Renewable Energy ranks #320 out of 392 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Citicore Renewable Energy has a GF Score™ of 3/100, reflecting its overall financial health beyond just this single metric.
How does Citicore Renewable Energy's Debt-to-Equity compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Citicore Renewable Energy ranks #320 out of 392 companies for Debt-to-Equity. This places Citicore Renewable Energy in the lower half of its industry. The industry median Debt-to-Equity is 0.85. Citicore Renewable Energy's value of 2.31 is 171.8% above this benchmark. Historically, Citicore Renewable Energy's own Debt-to-Equity has ranged from 1.14 to 2.31 over the past decade. While the company's 10-year median is 1.64 vs. the industry median of 0.85, Citicore Renewable Energy has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Utilities - Independent Power Producers company?
The median Debt-to-Equity among Utilities - Independent Power Producers companies is 0.85, based on 392 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Citicore Renewable Energy's current Debt-to-Equity of 2.31 is 171.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Citicore Renewable Energy and its competitors. For the Utilities - Independent Power Producers industry, the median Debt-to-Equity is 0.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Citicore Renewable Energy's current Debt-to-Equity is 2.31, which is 41% above median its own 10-year median of 1.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Citicore Renewable Energy stock overvalued right now?
Citicore Renewable Energy (PHS:CREC) has a current Debt-to-Equity of 2.31. The current Debt-to-Equity is 2.31, which is 41% above median its 10-year median of 1.64 and 171.8% above the Utilities - Independent Power Producers industry median of 0.85. Citicore Renewable Energy's overall GF Score™ is 3/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Citicore Renewable Energy (PHS:CREC), the current Debt-to-Equity is 2.31 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Citicore Renewable Energy Corp is a company that manages a diversified portfolio of renewable energy generation projects, power project development operations, and retail electricity supply. Its renewable energy portfolio consists entirely of operating solar power plants. It also has over five Gigawatts of project pipelines in varying stages of development. The company also integrates solar power generation with agricultural crop production to provide positive energy, sustainable livelihood to small farmers, and assists with the country's food production needs.
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