American Electric Power Company Inc (AEP)
Debt-to-equity ratio
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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
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Long-term debt | US$ in thousands | 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 | 24,553,500 | 24,174,400 | 22,898,200 |
Total stockholders’ equity | US$ in thousands | 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 | 19,716,400 | 19,259,600 | 19,196,300 |
Debt-to-equity ratio | 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 | 1.25 | 1.26 | 1.19 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $37,652,700K ÷ $25,246,700K
= 1.49
The debt-to-equity ratio of American Electric Power Company Inc. has shown some variability over the past eight quarters, ranging from 1.55 to 1.84. Throughout this period, the company has maintained a higher proportion of debt relative to equity, with the ratio consistently above 1. This indicates that American Electric Power relies more heavily on debt financing to fund its operations and growth initiatives compared to equity. The slight fluctuations in the ratio suggest some changes in the company's capital structure, but the overall trend indicates a reliance on debt to support its financial activities. Investors and stakeholders should continue to monitor this ratio to assess the company's leverage position and financial risk.
Peer comparison
Dec 31, 2023