Consolidated Edison Inc (ED)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 3.14 | 3.06 | 3.07 | 3.01 | 3.34 | 3.17 | 3.19 | 3.13 | 3.15 | 3.14 | 3.19 | 3.27 | 3.34 | 3.22 | 3.24 | 3.24 | 3.22 | 3.11 | 3.14 | 3.17 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $66,331,000K ÷ $21,158,000K
= 3.14
Consolidated Edison, Inc.'s financial leverage ratio has shown fluctuations over the past eight quarters. The financial leverage ratio indicates the company's level of debt relative to its equity. A higher ratio signifies higher financial leverage and indicates that the company is relying more on debt to finance its operations.
In Q4 2023, the financial leverage ratio was 3.14, which was slightly higher compared to the previous quarter at 3.06. This increase implies that the company increased its reliance on debt to fund its operations during this period.
Looking back at the trend over the past year, the financial leverage ratio peaked in Q4 2022 at 3.34, indicating a significant reliance on debt at that time. Since then, the ratio has gradually decreased, reaching its lowest point in Q1 2023 at 3.01.
Overall, the fluctuations in Consolidated Edison, Inc.'s financial leverage ratio suggest varying levels of risk associated with the company's capital structure. Investors and analysts may monitor this ratio closely to assess the company's ability to meet its debt obligations and evaluate the potential impact on its financial health.
Peer comparison
Dec 31, 2023