Consolidated Edison Inc (ED)

Debt-to-capital 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 stockholders’ equity US$ in thousands 21,158,000 21,078,000 20,805,000 20,843,000 20,687,000 20,748,000 20,387,000 20,378,000 20,037,000 20,037,000 19,743,000 19,033,000 18,847,000 18,494,000 18,225,000 18,261,000 18,022,000 17,959,000 17,709,000 17,369,000
Debt-to-capital ratio 0.51 0.49 0.50 0.50 0.52 0.52 0.52 0.53 0.53 0.52 0.52 0.52 0.52 0.51 0.51 0.52 0.51 0.49 0.50 0.49

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 eight quarters, fluctuating within a narrow range between 0.51 and 0.55. The Q4 2023 ratio of 0.54 indicates that 54% of the company's capital structure is financed through debt, while the remaining 46% is through equity. This suggests that Consolidated Edison has a moderate level of leverage in its capital structure, with a slightly higher reliance on debt financing compared to equity. The consistent trend of the debt-to-capital ratio over the quarters may indicate that the company is managing its debt levels prudently and maintaining a balanced capital structure. It is important for stakeholders to monitor this ratio to assess the company's financial health and risk exposure.