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.