Ormat Technologies Inc (ORA)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 4,574,480 | 2,315,430 | 1,867,570 | 1,855,000 | 1,805,980 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $4,574,480K)
= 0.00
The debt-to-capital ratio for Ormat Technologies Inc has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt as a significant portion of its capital structure during this period. A debt-to-capital ratio of 0.00 typically suggests that the company is primarily funded by equity rather than debt, which could imply lower financial risk and a stronger balance sheet. It is important to note that a zero debt-to-capital ratio may not always be ideal as a healthy level of debt can also be beneficial for optimizing capital structure and financial leverage. Overall, Ormat Technologies Inc's consistent zero debt-to-capital ratio signifies a conservative approach towards debt financing.
Peer comparison
Dec 31, 2024