Consolidated Edison Inc (ED)
Debt-to-equity 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-equity ratio | 1.04 | 0.98 | 0.99 | 0.99 | 1.08 | 1.08 | 1.10 | 1.11 | 1.13 | 1.09 | 1.10 | 1.08 | 1.08 | 1.04 | 1.05 | 1.06 | 1.03 | 0.98 | 0.99 | 0.97 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $21,989,000K ÷ $21,158,000K
= 1.04
Consolidated Edison, Inc.'s debt-to-equity ratio has fluctuated over the past eight quarters, ranging from 1.04 to 1.24. The ratio indicates the proportion of the company's debt relative to its equity. A higher ratio suggests that the company is more reliant on debt financing, which can increase financial risk.
In Q4 2023, the debt-to-equity ratio was 1.16, slightly higher than the ratio in the previous quarter (1.10). This uptick could indicate increased debt levels or a decrease in equity during that period. However, it is essential to note that the ratio is still within a reasonable range.
Looking at the trend over the eight quarters, the ratio peaked at 1.24 in Q2 2022 before gradually declining in subsequent quarters. This may suggest that the company has been actively managing its debt levels or strengthening its equity position during that period.
Overall, although the debt-to-equity ratio for Consolidated Edison, Inc. has shown some variability, it is crucial for investors and analysts to monitor this ratio to assess the company's financial leverage and risk profile.
Peer comparison
Dec 31, 2023