American Electric Power Co Inc (AEP)

Debt-to-equity ratio

		Dec 31, 2024	Sep 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	39,307,800	39,147,700	38,637,300	37,652,700	36,715,500	36,762,000	36,239,100	34,314,600	33,646,600	32,982,700	30,855,700	31,300,700	32,056,500	30,659,300	30,214,800	28,986,400	28,155,500	26,637,700	25,783,000	25,126,800
Total stockholders’ equity	US$ in thousands	26,943,800	26,617,400	25,803,300	25,246,700	25,309,700	23,901,400	23,738,200	23,893,400	24,278,200	24,056,000	23,791,300	22,433,200	22,278,100	21,378,700	20,972,800	20,550,900	20,365,900	20,007,400	19,728,400	19,632,200
Debt-to-equity ratio		1.46	1.47	1.50	1.49	1.45	1.54	1.53	1.44	1.39	1.37	1.30	1.40	1.44	1.43	1.44	1.41	1.38	1.33	1.31	1.28

December 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $39,307,800K ÷ $26,943,800K
= 1.46

The debt-to-equity ratio of American Electric Power Co Inc has shown a fluctuating trend over the provided periods. From December 31, 2019, to December 31, 2024, the ratio increased from 1.28 to 1.46, indicating a gradual rise in the company's reliance on debt financing compared to equity.

The ratio peaked at 1.54 on June 30, 2023, representing a significant leverage position at that point in time. Conversely, there were slight decreases in the ratio in the subsequent periods, with the lowest point observed at 1.28 on March 31, 2022.

Overall, the trend suggests that American Electric Power Co Inc has been gradually increasing its debt relative to equity over the analyzed period until there was a slight decline towards the end of the period. This upward trajectory could indicate potential financial risk associated with higher debt levels, requiring careful monitoring and management of the company's capital structure.