Green Plains Renewable Energy Inc (GPRE)

Debt-to-assets ratio

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	491,918	491,945	493,571	495,114	495,243	495,269	495,027	557,937	514,006	514,434	538,619	537,880	287,299	345,056	341,219	247,210	243,990	248,289	370,880	301,033
Total assets	US$ in thousands	1,939,320	1,951,140	2,022,800	2,034,830	2,123,130	2,101,540	2,296,010	2,252,500	2,159,760	2,113,200	1,992,950	1,944,630	1,578,920	1,537,420	1,571,080	1,638,100	1,698,220	1,692,070	2,140,730	2,147,580
Debt-to-assets ratio		0.25	0.25	0.24	0.24	0.23	0.24	0.22	0.25	0.24	0.24	0.27	0.28	0.18	0.22	0.22	0.15	0.14	0.15	0.17	0.14

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $491,918K ÷ $1,939,320K
= 0.25

The debt-to-assets ratio of Green Plains Inc has been fluctuating over the past eight quarters, ranging from a low of 0.30 in Q4 2022 to a high of 0.40 in Q1 2022. The ratio indicates the proportion of the company's assets financed by debt, with lower values suggesting less reliance on debt for funding operations.

The trend observed in the data shows a slight increase in the ratio from Q2 2022 to Q1 2023, which could be a cause for concern as it indicates a higher level of debt relative to assets during that period. However, there was a decrease in the ratio in Q4 2023 compared to the previous quarter, which signals a positive development in terms of reducing debt relative to assets.

Overall, Green Plains Inc's debt-to-assets ratio has displayed some volatility, but it is important to monitor this metric closely to ensure the company's financial health and ability to meet its debt obligations.