Ormat Technologies Inc (ORA)

Debt-to-equity 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-equity ratio 0.00 0.00 0.00 0.00 0.00

December 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $4,574,480K
= 0.00

The debt-to-equity ratio of 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 to finance its operations during this period, opting instead to rely on equity for funding. A debt-to-equity ratio of 0.00 suggests a conservative financial strategy with minimal financial leverage. Ormat Technologies Inc's stable and low debt-to-equity ratio may signal a strong financial position and a lower risk of financial distress due to reduced debt obligations.