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Relatively Low Debt-to-Capital Ratio Detected in Shares of Genie Energy-B in the Electric Utilities Industry (GNE, MGEE, SPKE, ALE, IDA)

By David Diaz

Below are the three companies in the Electric Utilities industry with the lowest Debt-to-Capital ratios. The debt-to-capital ratio is an important measure of how a company is financing its operations along with some insight into its financial strength, relative to other companies in its industry.

Genie Energy-B ranks lowest with a a Debt-to-Capital ratio of 360.9%. Following is Mge Energy Inc with a a Debt-to-Capital ratio of 3,540.9%. Spark Energy-A ranks third lowest with a a Debt-to-Capital ratio of 4,185.4%.

Allete Inc follows with a a Debt-to-Capital ratio of 4,209.2%, and Idacorp Inc rounds out the bottom five with a a Debt-to-Capital ratio of 4,362.9%.

SmarTrend recommended that its subscribers protect gains by selling shares of Genie Energy-B on August 5th, 2019 by issuing a Downtrend alert when the shares were trading at $8.70. Since that call, shares of Genie Energy-B have fallen 9.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: lowest debt-to-capital ratio genie energy-b mge energy inc spark energy-a allete inc idacorp inc