Dominion Energy Inc (D)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	27,529,000	28,028,000	28,428,000	28,356,000	27,659,000	28,573,000	28,297,000	27,520,000	27,308,000	26,906,000	26,550,000	26,699,000	26,117,000	26,336,000	28,871,000	30,726,000	31,994,000	29,286,000	27,697,000	26,909,000
Debt-to-capital ratio		0.61	0.59	0.60	0.60	0.59	0.57	0.57	0.57	0.57	0.57	0.55	0.55	0.55	0.58	0.56	0.52	0.50	0.54	0.55	0.57

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $42,526,000K ÷ ($42,526,000K + $27,529,000K)
= 0.61

The debt-to-capital ratio of Dominion Energy Inc has shown fluctuations over the past eight quarters, ranging from 0.59 to 0.63. The ratio indicates that, on average, around 61% to 63% of the company's capital structure is comprised of debt. A higher debt-to-capital ratio suggests that the company relies more on debt financing, which can increase financial risk but also potentially boost returns on equity. Conversely, a lower ratio may indicate a more conservative approach to financing. Dominion Energy Inc's ratios have remained relatively stable around the 0.61 to 0.63 range, indicating a consistent leverage position over the analyzed period.