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.
Peer comparison
Dec 31, 2023