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Ocean Power Technologies Inc   (OPTT)
Other Ticker:  
 
    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities

Ocean Power Technologies Inc 's Tangible Leverage Ratio

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


In Spite of the re-payment of liabilities of -1.25%, in III Quarter 2023 ,Tangible Leverage Ratio deteriorated to 0.71 is above the company's typical Tangible Leverage Ratio.

Within Electric Utilities industry Ocean Power Technologies Inc achieved the lowest Tangible Leverage Ratio in the third quarter 2023. While Tangible 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 Tangible Leverage Ratio?
What is OPTT Market Share?
What are OPTT´s Total Liabilities?


OPTT Tangible 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 Tangible Equity Change -74.21 % -44.02 % -34.42 % -36.32 % -34.61 %
Y / Y Total Liabilities Change 98.53 % 106.51 % 26.73 % 92.68 % 36.78 %
Tangible Leverage Ratio MRQ 0.71 0.3 0.15 0.13 0.09
OPTT's Total Ranking # 457 # 588 # 306 # #
Seq. Tangible Equity Change -58.43 % -22.16 % -12.53 % -8.89 % -9.76 %
Seq. Total Liabilities Change -1.25 % 54.42 % 3.92 % 25.29 % 2.72 %



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


Tangible 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 Tangible Equity $ 13 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 Tangible Leverage Ratio

OPTT's Tangible Leverage Ratio for the trailling 12 Months

OPTT Tangible 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 Tangible Equity TTM Growth -74.21 % -44.02 % -34.42 % -36.32 % -34.61 %
Y / Y Total Liabilities TTM Growth 98.53 % 106.51 % 26.73 % 92.68 % 36.78 %
Tangible Leverage Ratio TTM 0.23 0.15 0.11 0.09 0.07
Total Ranking TTM # 362 # 2 # 167 # #
Seq. Tangible Equity TTM Growth -58.43 % -22.16 % -12.53 % -8.89 % -9.76 %
Seq. Total Liabilities TTM Growth -1.25 % 54.42 % 3.92 % 25.29 % 2.72 %


On the trailing twelve months basis Despite of the re-payment of liabilities of -1.25% in the trailing twelve months ending in III Quarter 2023, Tangible Leverage Ratio improved to 0.23, below Ocean Power Technologies Inc 's average Tangible Leverage Ratio.
Tangible Leverage Ratio is the average cumulative value over the last four quarters.

Among companies in the Electric Utilities industry OPTT recorded the lowest Tangible Leverage Ratio. While Tangible 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 Tangible Leverage Ratio?
What is OPTT Market Share?
What are OPTT´s Total Liabilities?

TTM Tangible Leverage Ratio Company Ranking
Within: No.
Within the Electric Utilities Industry # 1
Utilities Sector # 4
Within the Market # 362


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




Companies with similar Tangible Leverage Ratio in the quarter ending Jan 31 2024, within Electric Utilities Industry Tangible Leverage RatioJan 31 2024 MRQ Total LiabilitiesJan 31 2024 MRQ Tangible Equity
Xcel Energy Inc   1.95 $ 34,398.000  Millions$ 17,616.000  Millions
Astra Energy Inc   1.93 $ 6.089  Millions$ 3.154  Millions
Algonquin Power and Utilities Corp   1.87 $ 9,761.981  Millions$ 5,206.408  Millions
Hydro One Inc   1.87 $ 15,826.326  Millions$ 8,441.320  Millions
Ameren Corporation  1.73 $ 19,191.000  Millions$ 11,067.000  Millions
Public Service Enterprise Group Incorporated  1.61 $ 24,966.000  Millions$ 15,477.000  Millions
Alliant Energy Corp  1.59 $ 10,778.000  Millions$ 6,777.000  Millions
Avangrid Inc   1.41 $ 24,341.000  Millions$ 17,273.000  Millions
Ormat Technologies Inc   1.35 $ 2,767.292  Millions$ 2,042.834  Millions
Hallador Energy Co  1.18 $ 317.259  Millions$ 268.588  Millions
Allete Inc   1.00 $ 3,249.800  Millions$ 3,251.200  Millions
Kenon Holdings Ltd  0.98 $ 2,038.216  Millions$ 2,070.224  Millions
Brookfield Renewable Corporation  0.97 $ 15,805.000  Millions$ 16,275.000  Millions
Pampa Energy Inc   0.96 $ 2,309.000  Millions$ 2,413.000  Millions
Otter Tail Corporation  0.85 $ 1,182.089  Millions$ 1,398.591  Millions
Genie Energy Ltd   0.78 $ 133.316  Millions$ 171.775  Millions
Ocean Power Technologies Inc   0.71 $ 9.303  Millions$ 13.068  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$ 20,750.000  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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