Duke Energy Corporation (DUK)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 72,452,000 | 65,873,000 | 60,448,000 | 55,625,000 | 54,985,000 |
| Total assets | US$ in thousands | 176,893,000 | 178,086,000 | 169,587,000 | 162,388,000 | 158,838,000 |
| Debt-to-assets ratio | 0.41 | 0.37 | 0.36 | 0.34 | 0.35 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $72,452,000K ÷ $176,893,000K
= 0.41
The debt-to-assets ratio of Duke Energy Corp. has been gradually increasing over the past five years, which indicates that the company has been relying more on debt to finance its operations and investments relative to its total assets.
In 2019, the ratio stood at 0.39, and it has since increased to 0.45 by the end of 2023. This suggests that a larger proportion of Duke Energy Corp.'s assets are funded by debt rather than equity.
A rising debt-to-assets ratio may signal potential financial risks, as higher debt levels can lead to increased interest payments and financial leverage. It is important for investors and stakeholders to closely monitor Duke Energy Corp.'s ability to manage its debt levels effectively to ensure long-term financial stability.
Peer comparison
Dec 31, 2023