Black Hills Corporation (BKH)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 10,022,600 | 9,620,400 | 9,618,200 | 9,131,900 | 8,088,790 |
| Total stockholders’ equity | US$ in thousands | 3,501,500 | 3,215,300 | 2,994,900 | 2,787,090 | 2,561,380 |
| Financial leverage ratio | 2.86 | 2.99 | 3.21 | 3.28 | 3.16 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $10,022,600K ÷ $3,501,500K
= 2.86
The financial leverage ratio of Black Hills Corporation has fluctuated over the past five years. It increased from 3.16 in December 2020 to 3.28 in December 2021, indicating a higher level of financial leverage. Subsequently, it decreased to 3.21 in December 2022 and further dropped to 2.99 in December 2023, suggesting a reduction in financial leverage. The ratio experienced a notable decline to 2.86 by December 31, 2024, reflecting a significant decrease in the company's reliance on debt financing to support its operations. Overall, the trend in the financial leverage ratio of Black Hills Corporation demonstrates varying levels of leverage over the years, indicating potential changes in the company's capital structure and financial risk profile.
Peer comparison
Dec 31, 2024