Ormat Technologies Inc (ORA)

Debt-to-assets ratio

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
Long-term debt US$ in thousands — — — — — — — — — 296,382 975,973 1,005,160 1,377,210 1,375,370 1,106,930 995,959 1,011,930 1,030,940 1,116,420 1,111,700
Total assets US$ in thousands 5,208,280 5,010,810 5,010,640 5,015,270 4,611,580 4,524,530 4,541,980 4,414,190 4,425,680 4,359,370 3,818,550 3,859,210 3,888,990 3,520,950 3,418,380 3,445,610 3,250,490 3,259,490 3,193,780 3,143,210
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.07 0.26 0.26 0.35 0.39 0.32 0.29 0.31 0.32 0.35 0.35

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $5,208,280K
= 0.00

The debt-to-assets ratio of Ormat Technologies Inc has shown some fluctuations over the past eight quarters, ranging from 0.39 to 0.45. Generally, a lower debt-to-assets ratio indicates a lower level of financial risk as it suggests that the company relies less on debt to finance its operations compared to its total assets.

In the most recent quarter, Q4 2023, the debt-to-assets ratio decreased to 0.40 from 0.42 in the previous quarter, Q3 2023. This slight decrease indicates that the company may have reduced its level of debt relative to its total assets.

Over the past two years, there seems to be a downward trend in the debt-to-assets ratio from 0.45 in Q2 2022 to 0.40 in Q4 2023. This trend suggests that Ormat Technologies Inc has been managing its debt levels effectively and strengthening its financial position by reducing its reliance on debt financing.

Overall, a decreasing trend in the debt-to-assets ratio indicates improved financial health and stability for Ormat Technologies Inc, as the company appears to be becoming less leveraged over time.