Green Plains Renewable Energy Inc (GPRE)

Solvency ratios

	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
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
Debt-to-capital ratio	0.37	0.37	0.39	0.38	0.35	0.34	0.35	0.39	0.35	0.35	0.38	0.41	0.31	0.33	0.32	0.24	0.24	0.24	0.30	0.25
Debt-to-equity ratio	0.58	0.59	0.63	0.60	0.54	0.51	0.53	0.63	0.54	0.53	0.62	0.68	0.44	0.50	0.46	0.32	0.32	0.31	0.42	0.33
Financial leverage ratio	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	2.26	2.13	2.44	2.36

The solvency ratios of Green Plains Inc show the company's ability to meet its long-term financial obligations. The debt-to-assets ratio has remained relatively stable over the quarters, ranging from 0.30 to 0.37, indicating that around 30% to 37% of the company's assets are financed by debt.

The debt-to-capital ratio also demonstrates a consistent trend, typically ranging between 0.41 and 0.49, reflecting the proportion of the company's capital that is funded through debt.

The debt-to-equity ratio has shown some fluctuations, with values ranging from 0.70 to 1.01. This ratio indicates the extent to which the company's operations are financed by debt compared to equity.

The financial leverage ratio has also varied, with values fluctuating between 2.18 and 2.60. This ratio measures the extent to which the company uses debt to finance its assets relative to equity.

Overall, Green Plains Inc's solvency ratios suggest a moderate level of leverage, with a reasonable ability to meet its long-term obligations. However, the company should closely monitor any significant changes in these ratios to ensure financial stability and health.

Coverage ratios

	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
Interest coverage	-1.63	-2.94	-5.47	-2.78	-2.75	-1.83	-1.36	-1.76	0.04	-0.57	-0.10	-0.66	-2.98	-2.35	-2.95	-3.81	-3.68	-0.65	-0.09	0.64

The interest coverage ratio for Green Plains Inc has been consistently negative over the past eight quarters, indicating that the company's operating profits are insufficient to cover its interest expenses. The declining trend in the interest coverage ratio suggests that the company may be facing challenges in generating enough income to meet its debt obligations. This trend raises concerns about the company's financial health and ability to service its debt in the long term. Investors and lenders should closely monitor Green Plains Inc's ability to improve its profitability and generate sufficient cash flows to cover its interest payments.