Adani Greenreen 2021 Percent Debt Equity Ratio is Second Worst in Asia – EQ Mag Pro
Questions have once again been raised about the financial health of the Gautam Adani Group. On Tuesday, creditsites of Fitch Ratings had expressed concern over the aggressive business expansion policy and debt of the Adani Group. Now a Bloomberg report has told about the economic health of Adani Green Energy.
It has been told in the report that the debt-equity ratio of Adani Green has increased unaccountably. It has now increased to 2021%. According to the report, Adani Green has taken heavy debt for aggressive expansion in renewable energy. Earlier, CreditSites has also expressed concern about the huge debt and balance sheet of Adani Group companies. According to the report, this could put the group in a debt trap.
What is Debt-Equity Ratio: For information, let us tell you that through the debt-equity ratio, it is estimated that how much equity is there in comparison to the amount of debt on the company. The higher the debt as compared to the equity, it is not considered good for the financial health of the company. This shows that the company has a high dependence on debt.
According to a Bloomberg report, Adani Green Energy is the second company in Asia to have the worst debt-equity ratio. China’s Datang Huayin Electric Power is ahead in this matter. The company has a debt-equity ratio of 2452 per cent. It tops the list of 892 listed companies in Asia. It is followed by Adani Green.
Adani Green stock price: Meanwhile, the stock price of Adani Green Energy stood at Rs 2355.45 at the end of trading on Wednesday. There is a decline of 2.46% from a day earlier. The market capital has also come down to Rs 3,73,110.93 crore.
Source: PTI
