Green Plains Renewable Energy Inc (GPRE)

Solvency ratios

	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
Debt-to-assets ratio	0.24	0.25	0.27	0.27	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
Debt-to-capital ratio	0.33	0.32	0.36	0.36	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
Debt-to-equity ratio	0.50	0.47	0.56	0.55	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
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

The solvency ratios of Green Plains Renewable Energy Inc indicate the company's ability to meet its long-term financial obligations.

1. Debt-to-Assets Ratio: This ratio shows the proportion of assets financed by debt. It has been relatively stable over the period, ranging between 0.15 to 0.28. The increase in the most recent quarter suggests a higher reliance on debt to finance its assets.

2. Debt-to-Capital Ratio: This ratio reflects the proportion of capital that comes from debt. The trend has shown fluctuations but generally hovered around 0.35 to 0.41. The declining trend since the start of 2023 indicates a potential improvement in the company’s capital structure.

3. Debt-to-Equity Ratio: This ratio measures how much of the company's assets are funded by shareholders' equity versus debt. It has fluctuated between 0.32 to 0.68, with a decreasing trend in recent quarters, potentially indicating a reduction in financial risk.

4. Financial Leverage Ratio: This ratio compares the company's total assets to its equity. It has shown some volatility but generally trends downwards from 2.44 in December 2020 to around 2.06 in December 2024. This suggests a decrease in reliance on borrowed funds to finance the company's assets.

Overall, while there have been fluctuations in these solvency ratios, the trend suggests that Green Plains Renewable Energy Inc has been managing its debt levels effectively and may be strengthening its financial position over time. However, further analysis and consideration of other financial metrics would be needed to gain a more comprehensive understanding of the company's solvency.

Coverage ratios

	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
Interest coverage	-6.87	1.02	-1.10	-1.33	-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

The interest coverage ratio of Green Plains Renewable Energy Inc has been consistently negative from March 31, 2020, to June 30, 2024, indicating that the company was not generating sufficient operating income to cover its interest expenses during those periods. However, there was a noticeable improvement in the interest coverage ratio as of September 30, 2024, when it turned positive to 1.02. This improvement suggests that the company's operating income was more than sufficient to cover its interest expenses by that date. Overall, a negative interest coverage ratio indicates a potential risk of financial distress, while a positive ratio reflects the company's ability to meet its interest obligations with ease.