Renu Energy (ASX:RNE) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)

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What is Renu Energy LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Renu Energy's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.01.

Renu Energy's long-term debt to total assets ratio increased from Dec. 2022 (0.00) to Dec. 2023 (0.01). It may suggest that Renu Energy is progressively becoming more dependent on debt to grow their business.

Renu Energy LT-Debt-to-Total-Asset Historical Data

The historical data trend for Renu Energy's LT-Debt-to-Total-Asset 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.

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Renu Energy LT-Debt-to-Total-Asset Chart

Renu Energy Annual Data

Trend

Jun15

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Jun24

LT-Debt-to-Total-Asset

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Renu Energy Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	0.01	-

Renu Energy LT-Debt-to-Total-Asset Calculation

Renu Energy's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	0.009	/	16.973
	=

Renu Energy's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	0.2	/	18.912
	=

Renu Energy (ASX:RNE) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Renu Energy LT-Debt-to-Total-Asset Related Terms

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Renu Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Renu Energy Ltd (ASX:RNE) » Definitions » LT-Debt-to-Total-Asset

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GDYMF:USA

Address

52 McDougall Street, Kings Row 1, Level 2, Corporate House, Milton, QLD, AUS, 4064

Website

https://www.renuenergy.com.au

Renu Energy Ltd delivers clean energy products and services. It is engaged in identifying and developing green hydrogen projects and investing in renewable and clean energy technologies. The company seeks to be a supplier of green hydrogen to support its customers reduce emissions and to do this by pioneering green hydrogen ecosystems that decarbonize heavy transport and power generation. The company's operating segments are; Hydrogen, and Renewable and Clean Energy Investments. It derives a majority of its revenue from the Hydrogen segment.

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