Eversource Energy (ES)
Debt-to-equity ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 21,760,700 | 14,173,900 | 15,473,200 | 14,599,800 | 14,063,600 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $21,760,700K
= 0.00
Based on the data provided, Eversource Energy maintains a consistently low debt-to-equity ratio of 0.00 over a period spanning from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized significant debt in relation to its equity to finance its operations and investments during this period. A low debt-to-equity ratio typically suggests a conservative financial strategy, indicating that the company relies more on equity financing rather than debt, which could be viewed positively by investors and creditors. However, it is important to note that the interpretation of this ratio should also consider the industry norms and specific circumstances of the company.
Peer comparison
Dec 31, 2024