EDP Renovaveis (FRA:EDW) LT-Debt-to-Total-Asset : 0.23 (As of Dec. 2023)

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What is EDP Renovaveis 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. EDP Renovaveis's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.23.

EDP Renovaveis's long-term debt to total assets ratio increased from Dec. 2022 (0.22) to Dec. 2023 (0.23). It may suggest that EDP Renovaveis is progressively becoming more dependent on debt to grow their business.

EDP Renovaveis LT-Debt-to-Total-Asset Historical Data

The historical data trend for EDP Renovaveis'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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EDP Renovaveis LT-Debt-to-Total-Asset Chart

EDP Renovaveis Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.19

0.23

0.19

0.22

0.23

EDP Renovaveis Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.22	0.26	0.23	0.26	0.23

EDP Renovaveis LT-Debt-to-Total-Asset Calculation

EDP Renovaveis's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	7044.898	/	30046.652
	=	0.23

EDP Renovaveis'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 )
	=	7044.898	/	30046.652
	=	0.23

EDP Renovaveis (FRA:EDW) 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.

EDP Renovaveis LT-Debt-to-Total-Asset Related Terms

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EDP Renovaveis (FRA:EDW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » EDP Renovaveis SA (FRA:EDW) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

EDRVF:USA EDPR:Portugal EDPRu:UK 0ML1:UK

Address

Calle Serrano Galvache, 56, Centro Empresarial Parque Norte, 7th Floor, Edificio Olmo, Madrid, ESP, 28033

Website

http://www.edpr.com

EDP Renovaveis, a 71%-owned subsidiary of integrated Portuguese utility EDP, was created in 2007. It builds, develops, and operates renewables plants, mostly wind and solar. With 14.7 GW of net installed capacity at the end of 2022, EDP Renovaveis is the fourth-largest renewables player in the world and the third-largest in the U.S. and Europe. The group's plants are mainly located in the U.S., Spain, Portugal, Poland, and Brazil.

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