Ocean Power Technologies (OPTT) Debt Ratio (2011 - 2024)
Ocean Power Technologies (OPTT) posted Debt Ratio of 0.03 for Q1 2024, up 11.35% sequentially from 0.03 in Q4 2023, and up 111.82% YoY from 0.01 in Q1 2023.
Ocean Power Technologies (OPTT) Debt Ratio (2011 - 2024) Analysis & Trends
Ocean Power Technologies has reported Debt Ratio for 14 years, with the latest figure at 0.03 in Q1 2024.
- Quarterly Debt Ratio rose 111.82% year-over-year to 0.03 in Q1 2024, while the trailing twelve-month figure through Jan 2024 was 0.03 (up 111.82% YoY) and the FY2023 annual result came in at 0.02, up 403.91% from the prior year.
- Debt Ratio climbed to 0.03 in Q1 2024 per OPTT's latest filing, from 0.03 in the prior quarter.
- Over five years, Debt Ratio peaked at 0.03 in Q1 2024 and troughed at 0.0 in Q1 2021.
- A 5-year average of 0.01 and a median of 0.01 in 2020 frame the typical range for Debt Ratio.
- The sharpest annual moves came in 2021 and 2022: Debt Ratio sank 72.16% in 2021, then jumped 861.78% in 2022.
- Over 5 years, Debt Ratio stood at 0.02 in 2020, then tumbled by 71.32% to 0.0 in 2021, then surged by 55.56% to 0.01 in 2022, then surged by 318.9% to 0.03 in 2023, then gained by 11.35% to 0.03 in 2024.
- According to Business Quant data, Debt Ratio over the past three periods registered 0.03, 0.03, and 0.02 for Q1 2024, Q4 2023, and Q3 2023 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 256.94 Bn | 243.82 Bn | 2.36 Bn | 0.03 |
| 2 | Eaton | 163.14 Bn | 162.45 Bn | 2.86 Bn | 0.37 |
| 3 | Parker-Hannifin | 126.50 Bn | 126.02 Bn | 2.02 Bn | 0.31 |
| 4 | Emerson Electric | 87.87 Bn | 85.69 Bn | 2.66 Bn | 0.31 |
| 5 | Cummins | 81.13 Bn | 76.46 Bn | 2.47 Bn | 0.19 |
| 6 | Illinois Tool Works | 80.86 Bn | 80.02 Bn | 1.90 Bn | 0.59 |
| 7 | Ametek | 54.87 Bn | 54.38 Bn | 735.04 Mn | 0.12 |
| 8 | Rockwell Automation | 48.51 Bn | 48.03 Bn | 1.14 Bn | 0.29 |
| 9 | Ingersoll Rand | 31.31 Bn | 30.14 Bn | 862.60 Mn | 0.26 |
| 10 | Ocean Power Technologies | 36.77 Mn | 29.67 Mn | -755,000.00 | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2024 | 0.03 |
| Oct 31, 2023 | 0.03 |
| Jul 31, 2023 | 0.02 |
| Apr 30, 2023 | 0.02 |
| Jan 31, 2023 | 0.01 |
| Oct 31, 2022 | 0.01 |
| Jul 31, 2022 | 0.01 |
| Apr 30, 2022 | 0.00 |
| Jan 31, 2022 | 0.02 |
| Oct 31, 2021 | 0.00 |
| Jul 31, 2021 | 0.00 |
| Apr 30, 2021 | 0.01 |
| Jan 31, 2021 | 0.00 |
| Oct 31, 2020 | 0.02 |
| Jul 31, 2020 | 0.01 |
| Apr 30, 2020 | 0.02 |
| Oct 31, 2019 | 0.01 |
| Jul 31, 2019 | 0.01 |
| Apr 30, 2019 | 0.01 |
| Jan 31, 2019 | 0.09 |