Ormat Technologies Balance Sheet Health
Financial Health criteria checks 2/6
Ormat Technologies has a total shareholder equity of $2.5B and total debt of $2.1B, which brings its debt-to-equity ratio to 85.5%. Its total assets and total liabilities are $5.2B and $2.8B respectively. Ormat Technologies's EBIT is $168.9M making its interest coverage ratio 1.9. It has cash and short-term investments of $195.8M.
Key information
85.5%
Debt to equity ratio
US$2.10b
Debt
| Interest coverage ratio | 1.9x |
| Cash | US$195.81m |
| Equity | US$2.45b |
| Total liabilities | US$2.76b |
| Total assets | US$5.21b |
Recent financial health updates
These 4 Measures Indicate That Ormat Technologies (NYSE:ORA) Is Using Debt Extensively
Mar 22
These 4 Measures Indicate That Ormat Technologies (NYSE:ORA) Is Using Debt Extensively
Aug 31Is Ormat Technologies (NYSE:ORA) Using Too Much Debt?
Aug 16Is Ormat Technologies (NYSE:ORA) Using Too Much Debt?
Apr 05Recent updates
These 4 Measures Indicate That Ormat Technologies (NYSE:ORA) Is Using Debt Extensively
Mar 22Ormat Technologies: An Expensive Vertically Integrated Gem
Mar 09The Price Is Right For Ormat Technologies, Inc. (NYSE:ORA)
Feb 06Here's What's Concerning About Ormat Technologies' (NYSE:ORA) Returns On Capital
Jan 08Ormat Technologies: EGS Could Provide Unexpected Upside
Oct 31Ormat Technologies: High Earnings Not As Attractive Compared To Capital Required To Grow
Oct 04Ormat Technologies (NYSE:ORA) Could Be Struggling To Allocate Capital
Sep 26These 4 Measures Indicate That Ormat Technologies (NYSE:ORA) Is Using Debt Extensively
Aug 31Ormat Technologies: Promising Future, But Valuation Is Worrying
Jun 09The Returns On Capital At Ormat Technologies (NYSE:ORA) Don't Inspire Confidence
May 13Ormat Technologies Q4 2022 Earnings Preview
Feb 21Massif Capital - Ormat Technologies: Keep An Eye Out For A Catalyst
Feb 01Ormat secures financing for Ijen geothermal power plant
Jan 12Ormat Technologies goes ex dividend tomorrow
Nov 14Returns On Capital Signal Tricky Times Ahead For Ormat Technologies (NYSE:ORA)
Nov 02Is Ormat Technologies (NYSE:ORA) Using Too Much Debt?
Aug 16Ormat Technologies goes ex-dividend tomorrow
Aug 15Ormat: Nice Growth Story, But Shares Are A Little Bit Expensive
Aug 01The Returns On Capital At Ormat Technologies (NYSE:ORA) Don't Inspire Confidence
Jul 26Ormat Technologies: A Cleaner And Profitable Future
Apr 26Ormat Technologies (NYSE:ORA) Is Reinvesting At Lower Rates Of Return
Apr 25Is Ormat Technologies (NYSE:ORA) Using Too Much Debt?
Apr 05Financial Position Analysis
Short Term Liabilities: ORA's short term assets ($646.0M) exceed its short term liabilities ($537.0M).
Long Term Liabilities: ORA's short term assets ($646.0M) do not cover its long term liabilities ($2.2B).
Debt to Equity History and Analysis
Debt Level: ORA's net debt to equity ratio (77.5%) is considered high.
Reducing Debt: ORA's debt to equity ratio has reduced from 87.2% to 85.5% over the past 5 years.
Debt Coverage: ORA's debt is not well covered by operating cash flow (14.8%).
Interest Coverage: ORA's interest payments on its debt are not well covered by EBIT (1.9x coverage).