Dominion Energy Inc (D)

Debt-to-assets ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	42,526,000	39,680,000	35,996,000	31,996,000	32,055,000
Total assets	US$ in thousands	109,000,000	104,800,000	99,600,000	95,900,000	103,800,000
Debt-to-assets ratio		0.39	0.38	0.36	0.33	0.31

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $42,526,000K ÷ $109,000,000K
= 0.39

The debt-to-assets ratio for Dominion Energy Inc has shown some fluctuation over the past five years. The ratio stood at 0.41 as of December 31, 2023, slightly lower than the previous year's ratio of 0.44. This indicates that the company's level of debt in relation to its total assets decreased year over year. Comparing the current ratio to the ratios for the prior years, we can see a general trend of fluctuation within a relatively narrow range, with the ratio ranging from 0.37 in 2019 to 0.44 in 2022.

A debt-to-assets ratio of 0.41 as of December 31, 2023 suggests that approximately 41% of Dominion Energy Inc's total assets are financed by debt, while the remaining 59% are funded through equity. This indicates a moderate reliance on debt as a source of funding for the company's operations and investments. Overall, the trend in the debt-to-assets ratio for Dominion Energy Inc demonstrates a relatively stable and balanced capital structure over the past five years.