Green Plains Renewable Energy Inc (GPRE)

Debt-to-equity ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-term debt	US$ in thousands	432,460	491,918	495,243	514,006	287,299
Total stockholders’ equity	US$ in thousands	865,215	843,733	910,031	950,500	646,852
Debt-to-equity ratio		0.50	0.58	0.54	0.54	0.44

December 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $432,460K ÷ $865,215K
= 0.50

Green Plains Renewable Energy Inc's debt-to-equity ratio has shown some variability over the past five years. The ratio increased from 0.44 in December 31, 2020, to 0.54 in December 31, 2021, remaining at the same level in December 31, 2022. Subsequently, there was a further increase to 0.58 by December 31, 2023, indicating higher debt relative to equity. However, by December 31, 2024, the ratio decreased to 0.50, showing a slight improvement in the company's debt situation compared to the previous year. Overall, the trend suggests that Green Plains Renewable Energy Inc's reliance on debt has been moderately increasing while still maintaining a balance with equity financing.