Dominion Energy Inc (D)

Debt-to-equity 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-equity ratio		1.54	1.42	1.47	1.48	1.43	1.35	1.35	1.34	1.32	1.31	1.25	1.20	1.23	1.41	1.25	1.07	1.00	1.18	1.24	1.31

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $42,526,000K ÷ $27,529,000K
= 1.54

The debt-to-equity ratio of Dominion Energy Inc has fluctuated over the past eight quarters. The ratio has ranged from a low of 1.43 in Q1 2022 to a high of 1.71 in Q2 2023, with a general upward trend observed in recent quarters. The ratio indicates that the company has been financing its operations with a higher proportion of debt relative to equity, indicating a higher level of financial leverage. Investors and creditors may view this trend with caution as it signifies an increasing reliance on debt to fund growth and operations. It is essential for the company to closely monitor its debt levels to ensure sustainable financial health and manage potential risks associated with high leverage.