By Under20s.com

Flight Path

ADANI Green's Equity Debt Ratio is 2nd Worst in the ASIA by 2,021%

The Gujarat-based company has a debt-to-equity ratio (2,021%), which is less than China's Datang Huayin Electric Power Co. (2,452%), among 892 listed Asian companies.

Image:  Bloomberg

Adani Green Energy is by this measure the most leveraged company in the tycoon’s empire. It takes on debt to finance the $70 billion transition toward renewable energy.

Adani Green Energy Ltd. is one of seven units in Gautam Adani’s ports-torenewables empire. It has seen its ratio of debt to equity rise to the second highest in Asia.

This raises concerns about whether Adani’s aggressive expansion plans have over-leveraged his businesses.

According to Bloomberg data, the Gujarat-based company has a debt-to-equity ratio (2,021%), which is just behind China's Datang Huayin Electric Power Co. (2,452%), among 892 listed Asian companies.

Flight Path

Adani Green Energy is the most leveraged company in the tycoon’s empire, as it has to take on debt to finance the conglomerate’s $70 billion shift toward renewable energy.

This staggering ratio is a concern given Adani's rapid rise and ambitious growth plans. Adani has been on an expansion spree to diversify his empire, which was primarily based on ports and coal mining

"

These moves have not only increased Adani's standing in India but also his fortune. His net worth is now almost $135 million, making him Asia's richest man.

Adani Green shares and Adani Power Ltd. fell faster than the B&P Sensex due to negative sentiment. Adani Green Energy's 4.375% September 202024 dollar bonds are at their lowest point in over a month.

Sharon Chen analyst, wrote that the group's "aggressive growth" is mainly debt-financed, but it has a track record of obtaining 3rd-party investments totalEnergies $2.5 billion in Adani Green Energy.

THIS WAS THE WHOLE STORY ABOUT ADANI GREEN BECOMING 2ND WORST IN ASIA IN EQUITY DEBT RATIO" If you liked the Story you can watch more informative stories by clicking below

Flight Path

Stories

More

RATAN TATA BACKS GOODFELLOWS, STARTUP RUN BY 30Y.

PHYSICS WALLAH GOT FUNDING OF 700 CRORES.

Check the best debit cards for indian students