Dominion Energy Inc (D)
Solvency ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 3.76 | 3.63 | 3.71 | 3.72 | 3.96 | 3.78 | 3.73 | 3.71 | 3.74 | 3.62 | 3.66 | 3.66 | 3.65 | 3.71 | 3.69 | 3.62 | 3.67 | 3.97 | 3.59 | 3.39 |
Based on the provided data for Dominion Energy Inc, the company's solvency ratios indicate a very healthy financial position.
The Debt-to-Assets ratio, which measures the proportion of the company's assets financed by debt, has consistently been 0.00 throughout the reporting periods. This suggests that Dominion Energy has not relied on debt to fund its operations, and its assets are primarily financed by equity.
Similarly, the Debt-to-Capital ratio, which assesses the extent of the company's capital that is contributed by debt, has also consistently been 0.00. This indicates that Dominion Energy's capital structure is not significantly leveraged with debt.
Additionally, the Debt-to-Equity ratio, which shows the relationship between the company's debt and equity financing, has remained at 0.00 across all periods. This implies that the company's equity financing is sufficient to support its operations without the need for significant debt.
The Financial Leverage ratio, which indicates the extent to which the company uses debt in its capital structure, has been relatively stable, ranging from 3.39 to 3.96. This suggests that Dominion Energy maintains a moderate level of leverage compared to its equity base.
Overall, based on these solvency ratios, Dominion Energy Inc appears to have a strong financial position with low reliance on debt financing, which bodes well for its long-term stability and ability to meet its financial obligations.
Coverage ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 2.96 | 2.32 | 2.42 | 2.44 | 2.63 | 2.81 | 2.56 | 3.47 | 4.70 | 4.57 | 3.85 | 2.23 | 2.45 | 2.63 | 3.37 | 3.94 | 2.98 | 2.94 | 2.83 | 2.69 |
The interest coverage ratio of Dominion Energy Inc has displayed fluctuations over the past few years. The ratio indicates the company's ability to cover its interest expenses with its operating income.
From March 31, 2020, to June 30, 2022, Dominion Energy Inc's interest coverage ratio generally increased, reflecting an improvement in its ability to meet interest payments. However, there was a decline in the ratio in the subsequent quarters, reaching a low of 2.23 on March 31, 2022.
The ratio peaked at 4.70 on December 31, 2022, indicating a significant increase in the company's ability to cover interest expenses. However, it declined again in the following quarters and remained relatively stable around the range of 2.42 to 2.96 from June 30, 2024, to December 31, 2024.
Overall, Dominion Energy Inc's interest coverage ratio has shown variability, with both improvements and declines over the period under review. It is important for the company to maintain a healthy interest coverage ratio to demonstrate its financial stability and ability to meet debt obligations.