Duke Energy Corporation (DUK)

Solvency ratios

	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
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
Debt-to-capital ratio	0.60	0.59	0.59	0.58	0.57	0.57	0.56	0.56	0.55	0.54	0.54	0.53	0.54	0.55	0.55	0.55	0.54	0.54	0.55	0.54
Debt-to-equity ratio	1.48	1.46	1.45	1.40	1.34	1.31	1.27	1.26	1.23	1.17	1.19	1.14	1.16	1.22	1.23	1.20	1.17	1.18	1.20	1.19
Financial leverage ratio	3.60	3.70	3.73	3.63	3.61	3.50	3.47	3.46	3.44	3.39	3.44	3.39	3.39	3.51	3.52	3.41	3.39	3.36	3.39	3.36

Duke Energy Corp.'s solvency ratios provide insights into the company's ability to meet its long-term financial obligations. Looking at the debt-to-assets ratio, the company maintained a relatively stable level around 0.43 to 0.45 during the past year, indicating that 43% to 45% of its assets were financed by debt.

The debt-to-capital ratio also remained consistent, fluctuating between 0.61 and 0.62, meaning that approximately 61% to 62% of Duke Energy's capital structure was financed through debt.

Analyzing the debt-to-equity ratio, the company showed a slight increase over the year, ranging from 1.40 to 1.62, implying that the proportion of debt in relation to equity increased. This could potentially indicate higher financial leverage and risk for the company.

Lastly, the financial leverage ratio, measuring the proportion of debt in the company's capital structure compared to equity, displayed some variability but generally stayed within the 3.46 to 3.73 range over the past year. This ratio is critical as it indicates the company's reliance on debt to support its operations and growth.

Overall, Duke Energy Corp.'s solvency ratios suggest a moderate level of leverage and debt utilization in its capital structure. Investors and stakeholders should continue monitoring these ratios to assess the company's ability to service its debt and maintain financial stability over time.

Coverage ratios

	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
Interest coverage	2.09	1.52	1.66	2.13	2.17	2.88	2.86	2.78	2.89	2.49	2.49	1.58	1.58	1.98	2.01	2.97	2.94	2.80	2.72	2.56

Duke Energy Corp.'s interest coverage ratio has shown a stable performance over the past eight quarters, ranging between 2.39 and 2.68. This ratio indicates the company's ability to meet its interest obligations with its operating income. The consistent values above 1 suggest that Duke Energy Corp. has generated sufficient operating income to cover its interest expenses by a comfortable margin. A higher interest coverage ratio generally indicates stronger financial stability and lower default risk for the company. Thus, based on this trend, Duke Energy Corp. appears to have a solid capacity to service its debt obligations from its operating profits. It is important for investors and creditors to continue monitoring this ratio for any significant changes that may impact the company's financial health.