Ormat Technologies (XTAE:ORA) Debt-to-Equity : 1.01 (As of Sep. 2024)

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What is Ormat Technologies Debt-to-Equity?

Ormat Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₪1,216 Mil. Ormat Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₪7,488 Mil. Ormat Technologies's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ₪8,587 Mil. Ormat Technologies's debt to equity for the quarter that ended in Sep. 2024 was 1.01.

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 Ormat Technologies's Debt-to-Equity or its related term are showing as below:

XTAE:ORA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.75 Med: 0.94 Max: 1.29
Current: 1.01

During the past 13 years, the highest Debt-to-Equity Ratio of Ormat Technologies was 1.29. The lowest was 0.75. And the median was 0.94.

XTAE:ORA's Debt-to-Equity is ranked worse than
56.64% of 399 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.79 vs XTAE:ORA: 1.01

Ormat Technologies Debt-to-Equity Historical Data

The historical data trend for Ormat Technologies'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.

Ormat Technologies Debt-to-Equity Chart

Ormat Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.91

0.82

1.04

1.10

0.91

Ormat Technologies Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.88	0.91	1.02	1.00	1.01

Competitive Comparison of Ormat Technologies's Debt-to-Equity

For the Utilities - Renewable subindustry, Ormat Technologies'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.

Ormat Technologies's Debt-to-Equity Distribution in the Utilities - Independent Power Producers Industry

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

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

Ormat Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ormat Technologies'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
	=	(1092.097	+	6510.806)	/	8322.791
	=	0.91

Ormat Technologies'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
	=	(1216.384	+	7488.131)	/	8586.519
	=	1.01

Ormat Technologies (XTAE:ORA) 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.

Ormat Technologies Debt-to-Equity Related Terms

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Ormat Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Ormat Technologies Inc (XTAE:ORA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ORA:USA 0KDH:UK HNM:Germany HNM:Germany ORAT:Austria

Address

6140 Plumas Street, Reno, NV, USA, 89519-6075

Website

https://www.ormat.com

Ormat Technologies Inc is engaged in the geothermal energy power business. The company is engaged in three business segments: Electricity Segment. where the company develops, builds, owns and operates geothermal, solar PV and recovered energy-based power plants in the United States and geothermal power plants in other countries and sell the electricity generated. Product Segment includes designing, manufacturing and selling equipment for geothermal and recovered energy-based electricity generation and providing services relating to the engineering, procurement and construction of geothermal and recovered energy-based power plants. Energy Storage Segment includes owning and operating grid-connected which provide capacity, energy and ancillary services directly to the electric grid.