Drax Group plc

LSE DRX.L

Drax Group plc Debt to Equity Ratio for the year ending December 31, 2023: 0.79

Drax Group plc Debt to Equity Ratio is 0.79 for the year ending December 31, 2023, a -34.87% change year over year. Debt to equity ratio represents the financing from debt versus equity. Higher ratio indicates more debt reliance, suggesting potential risk.
  • Drax Group plc Debt to Equity Ratio for the year ending December 31, 2022 was 1.22, a 5.12% change year over year.
  • Drax Group plc Debt to Equity Ratio for the year ending December 31, 2021 was 1.16, a 41.39% change year over year.
  • Drax Group plc Debt to Equity Ratio for the year ending December 31, 2020 was 0.82, a 9.86% change year over year.
  • Drax Group plc Debt to Equity Ratio for the year ending December 31, 2019 was 0.74, a 116.90% change year over year.
Key data
Date Debt to Equity Ratio Debt to Income Ratio Debt to Tangible Net Worth Ratio Dividend Coverage Ratio
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SV Wall Street
LSE: DRX.L

Drax Group plc

CEO Mr. Dwight Daniel Willard Gardiner
IPO Date Dec. 15, 2005
Location United Kingdom
Headquarters Drax Power Station
Employees 3,551
Sector Utilities
Industries
Description

Drax Group plc, together with its subsidiaries, engages in renewable power generation in the United Kingdom. The company operates through three segments: Generation, Customers, and Pellet Production. The Generation segment provides renewable, dispatchable power, and system support services to the electricity grid. The Customers segment offers non-generation system support and energy management services. The Pellet Production segment provides low carbon fuel. The company owns and operates Drax Power Station with an installed capacity of 2,000 megawatts (MW) located in Selby, North Yorkshire; Cruachan Power Station, a pumped hydro storage station, with an installed capacity of 440 MW located in Argyll and Bute, and Lanark and Galloway hydro-electric power stations with an installed capacity of 126 MW located in southwest Scotland. In addition, the company owns and operates Daldowie fuel plant that processes sludge, a plant that converts it into dry low-odour fuel pellets. Further, it manufactures and sells compressed wood pellets; and supplies renewable electricity. Drax Group plc was incorporated in 2005 and is based in Selby, the United Kingdom.

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StockViz Staff

February 5, 2025

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