Dominion Energy Inc (D)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 109,000,000 | 104,800,000 | 99,600,000 | 95,900,000 | 103,800,000 |
| Total stockholders’ equity | US$ in thousands | 27,529,000 | 27,659,000 | 27,308,000 | 26,117,000 | 31,994,000 |
| Financial leverage ratio | 3.96 | 3.79 | 3.65 | 3.67 | 3.24 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $109,000,000K ÷ $27,529,000K
= 3.96
Dominion Energy Inc's financial leverage ratio has been fluctuating over the past five years, ranging from 3.25 in 2019 to 3.96 in 2023. The ratio indicates that the company relies heavily on debt financing as compared to equity. An increasing trend in the financial leverage ratio over time suggests that the company is taking on more debt relative to its equity, which may increase financial risk. On the other hand, a decreasing trend may indicate a shift towards a more conservative capital structure. Overall, the financial leverage ratio for Dominion Energy Inc has shown variability, and further analysis of the company's debt and equity structure would be beneficial to better understand its financial health and risk profile.
Peer comparison
Dec 31, 2023