Green Plains Renewable Energy Inc (GPRE)

Financial leverage ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Total assets	US$ in thousands	1,782,170	1,759,950	1,763,600	1,799,440	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
Total stockholders’ equity	US$ in thousands	865,215	925,512	867,368	887,454	843,733	828,149	777,948	822,988	910,031	962,042	931,173	890,525	950,500	971,429	864,071	787,568	646,852	685,626	741,779	766,020
Financial leverage ratio		2.06	1.90	2.03	2.03	2.30	2.36	2.60	2.47	2.33	2.18	2.47	2.53	2.27	2.18	2.31	2.47	2.44	2.24	2.12	2.14

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,782,170K ÷ $865,215K
= 2.06

Green Plains Renewable Energy Inc's financial leverage ratio has shown fluctuations over the past few years. Starting from a ratio of 2.14 as of March 31, 2020, the ratio decreased slightly to 2.12 by June 30, 2020, before increasing to 2.44 by December 31, 2020. The ratio continued to rise reaching a peak of 2.60 on June 30, 2023, before declining to 2.06 by December 31, 2024.

Overall, the financial leverage ratio indicates that Green Plains Renewable Energy Inc has been utilizing a mix of debt and equity to finance its operations and investments. The trend suggests fluctuations in the company's debt levels relative to its equity, which can impact its financial risk and solvency. A higher financial leverage ratio indicates higher levels of debt in the capital structure, which may lead to increased financial risk and potential challenges in meeting debt obligations. Conversely, a lower ratio indicates a stronger equity position relative to debt, providing greater financial stability.