Ormat Technologies Inc (ORA)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 5,666,220 | 5,208,280 | 4,611,580 | 4,425,680 | 3,888,990 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $5,666,220K
= 0.00
The debt-to-assets ratio for Ormat Technologies Inc has remained consistently at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not used debt as a source of financing its assets during this period. A debt-to-assets ratio of 0.00 implies that the company's assets are primarily financed through equity rather than debt, which can be perceived as a positive indicator of financial stability and lower financial risk. However, it is essential to consider other financial metrics and factors before drawing definitive conclusions about the company's overall financial health and risk profile.
Peer comparison
Dec 31, 2024