Adani Green's 2,021% debt-equity ratio is second-worst in Asia: Report

The Gujarat-based company's debt-to-equity ratio is only behind China's Datang Huayin Electric Power Co., which has a ratio of 2,452%, among 892 listed companies in Asia, according to Bloomberg data

Adani group, adani enterprises
Premium

Bloomberg
Adani Green Energy Ltd., one of the seven listed units of Gautam Adani’s ports-to-renewables empire, has seen its debt-to-equity ratio balloon to the second-highest in Asia, raising alarm over whether the billionaire’s aggressive expansion plans has over-leveraged his businesses. 

The Gujarat-based company’s debt-to-equity ratio of 2,021% is only behind China’s Datang Huayin Electric Power Co., which has a ratio of 2,452%, among 892 listed companies in Asia, according to data compiled by Bloomberg. Adani Green Energy is the most leveraged of the companies in the tycoon’s empire by this metric as it takes on debt to fund the conglomerate’s $70 billion

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 24 2022 | 5:02 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com