SP New Energy (PHS:SPNEC) Debt-to-Equity : 0.08 (As of Sep. 2024)

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What is SP New Energy Debt-to-Equity?

SP New Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₱361 Mil. SP New Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₱2,860 Mil. SP New Energy's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ₱39,367 Mil. SP New Energy's debt to equity for the quarter that ended in Sep. 2024 was 0.08.

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

PHS:SPNEC' s Debt-to-Equity Range Over the Past 10 Years
Min: -3.94 Med: 0.09 Max: 38.9
Current: 0.08

During the past 6 years, the highest Debt-to-Equity Ratio of SP New Energy was 38.90. The lowest was -3.94. And the median was 0.09.

PHS:SPNEC's Debt-to-Equity is ranked better than
89.97% of 399 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.79 vs PHS:SPNEC: 0.08

SP New Energy Debt-to-Equity Historical Data

The historical data trend for SP New 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.

SP New Energy Debt-to-Equity Chart

SP New Energy Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Jun22

Dec23

Debt-to-Equity

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-3.94

38.90

N/A

0.09

SP New Energy Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial												0.27	0.09	0.09	0.08	0.08

Competitive Comparison of SP New Energy's Debt-to-Equity

For the Utilities - Renewable subindustry, SP New 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.

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

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

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

SP New Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

SP New 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
	=	(375.811	+	3110.805)	/	39385.109
	=	0.09

SP New Energy's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(360.796	+	2859.835)	/	39367.267
	=	0.08

SP New Energy (PHS:SPNEC) 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.

SP New Energy Debt-to-Equity Related Terms

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

SP New Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » SP New Energy Corp (PHS:SPNEC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

112 Legaspi Street, Legaspi Village, Brgy. San Lorenzo, Makati, PHL, 1229

Website

https://www.spnec.ph

SP New Energy Corp is a renewable energy power generation company. The primary purpose is to construct, erect, assemble, commission, operate, and maintain power-generating plants, warehouses, terminals, and related facilities for the conversion of renewable energy into a usable form fit for electricity generation and distribution.

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