What is OPAL Fuels Inc.'s debt-to-equity?

OPAL Fuels Inc. (OPAL) reported debt-to-equity of 57.9× in Q1 2026.

What does debt-to-equity mean?

Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.

OPAL Fuels Inc. OPAL Debt-to-equity

Debt-to-equity at other companies

Clean Energy FuelsCLNE

0.6×0.0×

AmerescoAMRC

1.9×+0.2×

NET PowerNPWR

0×0.0×

GevoGEVO

0×0.0×

Future FuelFF

0×—

CVR EnergyCVI

3.4×0.0×

Other financials

Income statement

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Revenue$73.4M-14.1%

Operating income-$4.8M-149%

Net income-$5.6M-536%

EPS (diluted)-$0.09-800%

Balance sheet

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Cash & equivalents$137.0M+205%

Total debt$475.5M+59.2%

Total equity$8.2M-85.6%

Total assets$1.1B+19.9%

Cash flow

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Operating cash flow$12.9M-56.5%

CapEx$24.4M+111%

Free cash flow-$11.5M-163%

Valuation

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Market cap$66.79M-11.7%

Enterprise value$405.35M+11.3%

P/E2.3×—

P/S0.2×0.0×

Profitability

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Operating margin1.3%-3.7pp

Net margin8.8%—

FCF margin-18.9%-1.1pp

Returns & leverage

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Return on equity90.4%—

Current ratio2.2×+1.1×

Where this comes from

Calculated from OPAL Fuels Inc.’s reported figures.

total debt/total stockholders equity=57.9×

Based on the most recent quarter.

The official record: OPAL Fuels Inc.’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is OPAL Fuels Inc.'s debt-to-equity?: OPAL Fuels Inc. (OPAL) reported debt-to-equity of 57.9× in Q1 2026.
What does debt-to-equity mean?: Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.