Consolidated Edison Inc (ED)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 21,158,000 | 20,687,000 | 20,037,000 | 18,847,000 | 18,022,000 |
| Debt-to-capital ratio | 0.51 | 0.52 | 0.53 | 0.52 | 0.51 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $21,989,000K ÷ ($21,989,000K + $21,158,000K)
= 0.51
Consolidated Edison, Inc.'s debt-to-capital ratio has been relatively stable over the past five years, ranging from 0.54 to 0.56. This ratio indicates the proportion of the company's capital structure funded by debt, with values closer to 1 implying higher debt levels relative to total capital.
The consistent range of 0.54 to 0.56 suggests that Consolidated Edison has maintained a balanced mix of debt and equity financing over the years. A stable debt-to-capital ratio can be a sign of financial prudence and effective capital structure management.
Overall, based on the data presented, Consolidated Edison, Inc. appears to have a moderate level of debt in its capital structure, which has remained relatively steady in recent years.
Peer comparison
Dec 31, 2023