Dominion Energy Inc (D)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 42,526,000 | 39,854,000 | 41,887,000 | 41,920,000 | 39,680,000 | 38,487,000 | 38,086,000 | 36,945,000 | 35,996,000 | 35,140,000 | 33,076,000 | 31,991,000 | 31,996,000 | 37,045,000 | 36,060,000 | 32,984,000 | 32,055,000 | 34,662,000 | 34,217,000 | 35,123,000 |
| Total assets | US$ in thousands | 109,000,000 | 105,943,000 | 106,064,000 | 105,325,000 | 104,800,000 | 103,535,000 | 103,678,000 | 100,852,000 | 99,600,000 | 99,804,000 | 97,963,000 | 96,703,000 | 95,900,000 | 104,535,000 | 103,728,000 | 104,126,000 | 103,800,000 | 102,359,000 | 100,822,000 | 100,054,000 |
| Debt-to-assets ratio | 0.39 | 0.38 | 0.39 | 0.40 | 0.38 | 0.37 | 0.37 | 0.37 | 0.36 | 0.35 | 0.34 | 0.33 | 0.33 | 0.35 | 0.35 | 0.32 | 0.31 | 0.34 | 0.34 | 0.35 |
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 of Dominion Energy Inc has varied over the past eight quarters, ranging from 0.40 to 0.46. This ratio indicates the proportion of the company's assets that are financed by debt.
The trend analysis shows that there was a slight increase in the debt-to-assets ratio from Q3 2022 (0.42) to Q2 2023 (0.46), followed by a decrease to 0.41 in Q4 2023. Despite some fluctuations, the overall debt-to-assets ratio has generally remained within a relatively stable range between 0.40 and 0.46 over the past two years.
A debt-to-assets ratio of around 0.40 to 0.46 suggests that Dominion Energy Inc relies moderately on debt to finance its assets. It indicates that a significant portion of the company's assets are backed by equity, providing a measure of financial stability and solvency.
Further analysis and comparison with industry benchmarks and peers would provide additional insights into Dominion Energy Inc's capital structure and financial risk profile.
Peer comparison
Dec 31, 2023