Ormat Technologies Inc (ORA)

Debt-to-equity ratio

		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
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	2,425,130	2,388,800	2,371,240	2,352,080	2,315,430	2,278,830	2,254,390	2,184,540	1,867,570	1,846,500	1,832,630	1,870,670	1,855,000	1,833,380	1,825,080	1,816,610	1,805,980	1,439,740	1,428,400	1,409,060
Debt-to-equity ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	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 ÷ $2,425,130K
= 0.00

Ormat Technologies Inc has consistently maintained a debt-to-equity ratio of 0.00 over the past several years, based on the provided data from March 31, 2020, to December 31, 2024. This indicates that the company has no debt in relation to its equity within the given time frame. A debt-to-equity ratio of 0.00 typically signifies that the company relies entirely on equity to finance its operations, which can be seen as a positive indicator of financial stability and solvency.

Having a debt-to-equity ratio of 0.00 may suggest that Ormat Technologies Inc has been effectively managing its capital structure without taking on excessive debt burdens. This could be beneficial for the company in terms of financial flexibility, as it may have lower interest expenses and reduced financial risk compared to companies with higher debt levels.

Overall, the consistent 0.00 debt-to-equity ratio for Ormat Technologies Inc implies a conservative financial strategy that prioritizes using equity for funding, potentially reflecting a strong financial position and prudent management decisions.