Consolidated Edison Inc (ED)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 23,001,000 | 66,331,000 | 69,065,000 | 63,116,000 | 62,895,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $23,001,000K
= 0.00
Consolidated Edison Inc's debt-to-assets ratio remained consistently at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company did not have any debt during this period, or the level of debt was negligible compared to the total assets. Having a low or zero debt-to-assets ratio suggests a lower financial risk and potentially a solid financial position, as the company is not heavily reliant on debt to finance its operations and investments. However, it is essential to note that a zero debt-to-assets ratio may also imply missed opportunities for leveraging debt to potentially enhance returns. It would be beneficial to further analyze other financial metrics and factors to gain a comprehensive understanding of Consolidated Edison Inc's overall financial health and strategy.
Peer comparison
Dec 31, 2024