Consolidated Edison Inc (ED)
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 | 21,989,000 | 22,439,000 | 22,604,000 | 20,382,000 | 18,527,000 |
| Total assets | US$ in thousands | 66,331,000 | 69,065,000 | 63,116,000 | 62,895,000 | 58,079,000 |
| Debt-to-assets ratio | 0.33 | 0.32 | 0.36 | 0.32 | 0.32 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $21,989,000K ÷ $66,331,000K
= 0.33
Consolidated Edison, Inc.'s debt-to-assets ratio has fluctuated over the past five years, ranging from 0.35 to 0.39 with the latest value at 0.37 as of December 31, 2023. The ratio indicates that, on average, 37% of the company's total assets are financed by debt.
The downward trend from 0.39 in 2021 to 0.35 in 2022 suggests a reduction in the company's reliance on debt to finance its assets. However, the subsequent increase to 0.39 in 2023 indicates a reversal or a return to previous debt levels.
Overall, while the debt-to-assets ratio may fluctuate, it is essential to analyze in conjunction with other financial ratios and factors to gain a comprehensive understanding of Consolidated Edison, Inc.'s financial health and risk management strategies.
Peer comparison
Dec 31, 2023