Consolidated Edison Inc (ED)

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	21,989,000	20,650,000	20,648,000	20,645,000	22,439,000	22,350,000	22,361,000	22,583,000	22,604,000	21,841,000	21,666,000	20,614,000	20,382,000	19,206,000	19,149,000	19,423,000	18,527,000	17,537,000	17,496,000	16,933,000
Total assets	US$ in thousands	66,331,000	64,405,000	63,771,000	62,804,000	69,065,000	65,763,000	65,072,000	63,737,000	63,116,000	62,938,000	62,919,000	62,299,000	62,895,000	59,595,000	59,081,000	59,159,000	58,079,000	55,940,000	55,602,000	55,066,000
Debt-to-assets ratio		0.33	0.32	0.32	0.33	0.32	0.34	0.34	0.35	0.36	0.35	0.34	0.33	0.32	0.32	0.32	0.33	0.32	0.31	0.31	0.31

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $21,989,000K ÷ $66,331,000K
= 0.33

The debt-to-assets ratio for Consolidated Edison, Inc. has shown stability around the range of 0.35 to 0.39 over the past several quarters. This indicates that the company has been maintaining a moderate level of debt relative to its total assets. A lower ratio suggests a higher proportion of assets financed by equity rather than debt, which is favorable as it indicates lower financial risk.

The slight variations in the debt-to-assets ratio between quarters suggest that the company has been managing its debt levels effectively and consistently. It is important for investors and creditors to monitor this ratio over time to assess the company's leverage and financial health. Overall, the trend in Consolidated Edison, Inc.'s debt-to-assets ratio demonstrates a prudent approach to debt management.