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Ocean Power Technologies Inc   (OPTT)
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    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities

Ocean Power Technologies Inc 's Leverage Ratio

OPTT's quarterly Leverage Ratio and Total Liabilities, Equity growth


In Spite of the repayements of liabilities of -1.25%, in III Quarter 2023 ,Leverage Ratio deteriorated to 0.37, below the Ocean Power Technologies Inc 's average Leverage Ratio.

Within Electric Utilities industry Ocean Power Technologies Inc achieved the lowest Leverage Ratio in the third quarter 2023. While Leverage Ratio total ranking has improved so far in the third quarter 2023 to 457, from total ranking in the forth quarter 2023 at 588 .

Explain Leverage Ratio?
Who are OPTT Customers?
What are OPTT´s Total Liabilities?


OPTT Leverage Ratio (Jan 31 2024)
III. Quarter
(Apr 30 2023)
IV. Quarter
(Jan 31 2023)
III. Quarter
(Oct 31 2022)
II. Quarter
(Jul 31 2022)
I. Quarter
Y / Y Equity Change -60.1 % -36.14 % -28.01 % -19.25 % -18.59 %
Y / Y Total Liabilities Change 98.53 % 106.51 % 26.73 % 92.68 % 36.78 %
Leverage Ratio MRQ 0.37 0.21 0.12 0.1 0.07
OPTT's Total Ranking # 457 # 588 # 306 # #
Seq. Equity Change -42.53 % -16.98 % -9.91 % -7.18 % -8.02 %
Seq. Total Liabilities Change -1.25 % 54.42 % 3.92 % 25.29 % 2.72 %



Leverage Ratio third quarter 2023 Company Ranking
Within: No.
Electric Utilities Industry # 1
Utilities Sector # 4
Overall Market # 457


Leverage Ratio Statistics
High Average Low
2.17 0.41 0.04
(Jul 31 2016)   (Oct 31 2021)




Financial Statements
Ocean Power Technologies Inc 's Equity $ 25 Millions Visit OPTT's Balance sheet
Ocean Power Technologies Inc 's Total Liabilities $ 9 Millions Visit OPTT's Balance sheet
Source of OPTT's Sales Visit OPTT's Sales by Geography


Cumulative Ocean Power Technologies Inc 's Leverage Ratio

OPTT's Leverage Ratio for the trailling 12 Months

OPTT Leverage Ratio

(Jan 31 2024)
III. Quarter
(Apr 30 2023)
IV. Quarter
(Jan 31 2023)
III. Quarter
(Oct 31 2022)
II. Quarter
(Jul 31 2022)
I. Quarter
Y / Y Equity TTM Growth -60.1 % -36.14 % -28.01 % -19.25 % -18.59 %
Y / Y Total Liabilities TTM Growth 98.53 % 106.51 % 26.73 % 92.68 % 36.78 %
Leverage Ratio TTM 0.17 0.12 0.09 0.08 0.06
Total Ranking TTM # 362 # 2 # 167 # #
Seq. Equity TTM Growth -42.53 % -16.98 % -9.91 % -7.18 % -8.02 %
Seq. Total Liabilities TTM Growth -1.25 % 54.42 % 3.92 % 25.29 % 2.72 %


  News about Ocean Power Technologies Inc Leverage Ratio

Ocean Power Technologies, a leading provider of ocean energy solutions, has announced a groundbreaking partnership with AT&T and the Naval Postgraduate School for the deployment of a 5G-enabled PowerBuoy in Monterey Bay This collaboration aims to harness the power of renewable ocean energy while leveraging the capabilities of 5G technology

Ocean Power Technologies, a leading provider of ocean energy solutions, has announced a groundbreaking partnership with ATandT and the Naval Postgraduate School for the deployment of a 5G-enabled PowerBuoy in Monterey Bay. This collaboration aims to harness the power of renewable ocean energy while leveraging the capabilities of 5G technology.
The PowerBuoy is an innovative device that captures energy from ocean waves and converts it into electricity. By integrating 5G connectivity, Ocean Power Technologies aims to enhance the device's capabilities and improve its efficiency. This partnership marks a significant milestone in the development of sustainable and clean energy solutions.

Ocean Power Technologies Awarded $1.2 Million by NJEDA's NOL Program to Advance Marine Power Solutions

Ocean Power Technologies (OPT), a leading provider of low-carbon marine power solutions, has announced that it has been awarded approximately $1.2 million under the New Jersey Economic Development Authority (NJEDA) 2023 Technology Business Tax Certificate Transfer Program, also known as the Net Operating Loss (NOL) Program. This funding will support OPT's ongoing efforts to develop innovative and cost-effective marine power, data, and service solutions.
The NJEDA's NOL Program is designed to encourage the growth of New Jersey-based technology businesses by allowing them to sell their net operating losses and unused research and development tax credits to unaffiliated corporations for cash. This enables these tech companies to monetize their tax credits and use the funds to invest in research, development, and expansion.


On the trailing twelve months basis Despite of the repayements of liabilities of -1.25% in the trailing twelve months ending in III Quarter 2023, Leverage Ratio improved to 0.17, below Ocean Power Technologies Inc 's average Leverage Ratio.
Leverage Ratio is the average cumulative value over the last four quarters.

Among companies in the Electric Utilities industry only one has achieved lower Leverage Ratio. While Leverage Ratio total ranking has deteriorated during the twelve months ending in the III Quarter 2023, compared to the prior period, from 2 to 362.

Explain Leverage Ratio?
Who are OPTT Customers?
What are OPTT´s Total Liabilities?

TTM Leverage Ratio Company Ranking
Within: No.
Within the Electric Utilities Industry # 2
Utilities Sector # 4
Within the Market # 362


trailing twelve months Leverage Ratio Statistics
High Average Low
1.17 0.37 0.05
(Oct 31 2016)   (Apr 30 2022)




Companies with similar Leverage Ratio in the quarter ending Jan 31 2024, within Electric Utilities Industry Leverage RatioJan 31 2024 MRQ Total LiabilitiesJan 31 2024 MRQ Equity
Kenon Holdings Ltd  0.98 $ 2,038.216  Millions$ 2,070.224  Millions
Pampa Energy Inc   0.96 $ 2,309.000  Millions$ 2,413.000  Millions
Allete Inc   0.95 $ 3,249.800  Millions$ 3,406.600  Millions
Brookfield Renewable Corporation  0.92 $ 15,805.000  Millions$ 17,129.000  Millions
Otter Tail Corporation  0.82 $ 1,182.089  Millions$ 1,443.006  Millions
Genie Energy Ltd   0.72 $ 133.316  Millions$ 184.508  Millions
Central Puerto S a   0.64 $ 14,272.024  Millions$ 22,360.800  Millions
Energy Co Of Parana  0.47 $ 2,153.123  Millions$ 4,596.417  Millions
Brazilian Electric Power Co  0.46 $ 9,741.236  Millions$ 21,368.282  Millions
Consolidated Edison Inc   0.40 $ 8,364.000  Millions$ 21,158.000  Millions
Ocean Power Technologies Inc   0.37 $ 9.303  Millions$ 25.261  Millions
Idacorp Inc   0.30 $ 875.215  Millions$ 2,914.743  Millions
Eco Wave Power Global Ab publ   0.28 $ 2.208  Millions$ 7.801  Millions
Bitech Technologies Corporation  0.27 $ 0.035  Millions$ 0.128  Millions

Date modified: 2024-03-17T12:49:23+00:00



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