Greencoat Renewables (LSE:GRP) LT-Debt-to-Total-Asset : 0.40 (As of Dec. 2022)

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What is Greencoat Renewables 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. Greencoat Renewables's long-term debt to total assests ratio for the quarter that ended in Dec. 2022 was 0.40.

Greencoat Renewables's long-term debt to total assets ratio increased from Dec. 2021 (0.33) to Dec. 2022 (0.40). It may suggest that Greencoat Renewables is progressively becoming more dependent on debt to grow their business.

Greencoat Renewables LT-Debt-to-Total-Asset Historical Data

The historical data trend for Greencoat Renewables'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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Greencoat Renewables LT-Debt-to-Total-Asset Chart

Greencoat Renewables Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.24

0.22

0.33

0.40

0.49

Greencoat Renewables Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						0.39	0.33	0.37	0.40	0.49

Greencoat Renewables LT-Debt-to-Total-Asset Calculation

Greencoat Renewables'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 )
	=	1249.624	/	2539.344
	=	0.49

Greencoat Renewables's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (Q: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2022 )	/	Total Assets (Q: Dec. 2022 )
	=	846.08	/	2136.701
	=	0.40

Greencoat Renewables (LSE:GRP) 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.

Greencoat Renewables LT-Debt-to-Total-Asset Related Terms

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Greencoat Renewables (LSE:GRP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Greencoat Renewables PLC (LSE:GRP) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

GRP:Ireland

Address

Riverside One, Sir John Rogerson's Quay, Dublin, IRL, 2

Website

https://www.greencoat-renewables.com

Greencoat Renewables PLC is a sector-focused listed renewable infrastructure company, investing in renewable electricity generation assets, with an initial focus on wind assets in Ireland. The company's focus is on the large secondary markets of continental Europe where it sees a significant opportunity to aggregate operating renewable energy generation assets. The company aims to provide investors with an annual dividend that increases progressively whilst growing the capital value of its investment portfolio in the long term through reinvestment of excess cash flow and the prudent use of portfolio leverage.

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