Duke Energy Corporation (DUK)
Debt-to-assets 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 | 72,452,000 | 71,353,000 | 69,914,000 | 69,107,000 | 65,873,000 | 66,060,000 | 63,147,000 | 62,196,000 | 60,448,000 | 57,929,000 | 57,410,000 | 54,768,000 | 55,625,000 | 56,049,000 | 56,143,000 | 56,311,000 | 54,985,000 | 54,818,000 | 54,342,000 | 53,681,000 |
| Total assets | US$ in thousands | 176,893,000 | 181,160,000 | 180,076,000 | 178,833,000 | 178,086,000 | 176,340,000 | 172,383,000 | 171,220,000 | 169,587,000 | 167,007,000 | 165,385,000 | 163,465,000 | 162,388,000 | 161,409,000 | 160,049,000 | 160,072,000 | 158,838,000 | 155,917,000 | 153,449,000 | 151,136,000 |
| Debt-to-assets ratio | 0.41 | 0.39 | 0.39 | 0.39 | 0.37 | 0.37 | 0.37 | 0.36 | 0.36 | 0.35 | 0.35 | 0.34 | 0.34 | 0.35 | 0.35 | 0.35 | 0.35 | 0.35 | 0.35 | 0.36 |
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 shown a consistent upward trend over the past eight quarters, indicating a gradual increase in the proportion of debt relative to its total assets. The ratio has increased from 0.40 in Q1 2022 to 0.45 in Q4 2023. This suggests that the company has been relying more on debt financing to support its operations and investments.
A higher debt-to-assets ratio could potentially indicate an increased financial risk for the company, as higher levels of debt could lead to higher interest expenses and reduced financial flexibility. However, it is essential to consider the company's overall financial health and industry benchmarks when evaluating the significance of this trend.
It would be prudent for investors and stakeholders to monitor Duke Energy Corp.'s debt management strategies and overall financial performance to assess the impact of the increasing debt-to-assets ratio on the company's long-term sustainability and profitability.
Peer comparison
Dec 31, 2023