Ormat Technologies Balance Sheet Health
Financial Health criteria checks 1/6
Ormat Technologies has a total shareholder equity of $2.5B and total debt of $2.4B, which brings its debt-to-equity ratio to 95.3%. Its total assets and total liabilities are $5.5B and $3.0B respectively. Ormat Technologies's EBIT is $169.6M making its interest coverage ratio 1.8. It has cash and short-term investments of $201.5M.
Key information
95.3%
Debt to equity ratio
US$2.37b
Debt
Interest coverage ratio | 1.8x |
Cash | US$201.51m |
Equity | US$2.49b |
Total liabilities | US$3.03b |
Total assets | US$5.52b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ORAT's short term assets ($609.2M) exceed its short term liabilities ($546.3M).
Long Term Liabilities: ORAT's short term assets ($609.2M) do not cover its long term liabilities ($2.5B).
Debt to Equity History and Analysis
Debt Level: ORAT's net debt to equity ratio (87.2%) is considered high.
Reducing Debt: ORAT's debt to equity ratio has increased from 84.6% to 95.3% over the past 5 years.
Debt Coverage: ORAT's debt is not well covered by operating cash flow (15.5%).
Interest Coverage: ORAT's interest payments on its debt are not well covered by EBIT (1.8x coverage).