OPAL Fuels (OPAL) Debt Ratio (2021 - 2026)
OPAL Fuels' (OPAL) Debt Ratio stood at 0.41 in Q2 2026, up 24.4% from 0.33 a year earlier but down 1.6% from the prior quarter.
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Analysis
OPAL Fuels (OPAL) Debt Ratio (2021 - 2026) Analysis & Trends
For FY2025, OPAL Fuels' Debt Ratio came in at 0.37, up 8.6% from FY2024.
- Annual Debt Ratio has increased for four straight years.
- Across earlier years, Debt Ratio came in at 0.34 in FY2024 (+43.1%), 0.24 in FY2023 (+23.9%), 0.19 in FY2022 (+0.1%) and 0.19 in FY2021.
- Quarterly Debt Ratio has ranged from 0.18 in Q3 2022 to 0.42 in Q1 2026 over the past five years.
- On a year-over-year basis, Debt Ratio has increased for 12 consecutive quarters, with growth averaging 27.9% over the last eight quarters.
- The year-over-year growth in Debt Ratio has ranged between 0.1% (Q4 2022) and 44.2% (Q2 2024) over the last five years.
- Per Business Quant, the preceding three quarters came in at 0.42 (Q1 2026), 0.37 (Q4 2025) and 0.35 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Plug Power | 1.95 Bn | 1.04 Bn | -1.68 Mn | 0.00 |
| 2 | Rex American Resources | 1.33 Bn | -120.79 Mn | 53.30 Mn | - |
| 3 | Green Plains | 975.86 Mn | 376.54 Mn | 113.03 Mn | 0.29 |
| 4 | Clean Energy Fuels | 299.77 Mn | -361.37 Mn | 30.14 Mn | 0.22 |
| 5 | Montauk Renewables | 291.50 Mn | 219.28 Mn | - | 0.32 |
| 6 | Gevo | 269.06 Mn | -21.75 Mn | 19.80 Mn | 0.34 |
| 7 | Aemetis | 97.11 Mn | 80.86 Mn | 13.52 Mn | 2.66 |
| 8 | OPAL Fuels | 45.05 Mn | -233.89 Mn | 24.47 Mn | 0.41 |
| 9 | Blue Biofuels | 32.12 Mn | 31.93 Mn | - | 1.81 |
| 10 | Verde Clean Fuels | 21.86 Mn | -202.53 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.41 |
| Mar 31, 2026 | 0.42 |
| Dec 31, 2025 | 0.37 |
| Sep 30, 2025 | 0.35 |
| Jun 30, 2025 | 0.34 |
| Mar 31, 2025 | 0.31 |
| Dec 31, 2024 | 0.34 |
| Sep 30, 2024 | 0.27 |
| Jun 30, 2024 | 0.26 |
| Mar 31, 2024 | 0.24 |
| Dec 31, 2023 | 0.24 |
| Sep 30, 2023 | 0.23 |
| Jun 30, 2023 | 0.18 |
| Mar 31, 2023 | 0.21 |
| Dec 31, 2022 | 0.19 |
| Sep 30, 2022 | 0.18 |
| Dec 31, 2021 | 0.19 |
API Access
OPAL Fuels Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=OPAL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "OPAL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=OPAL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();