Eversource Energy (ES)

Financial leverage ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Total assets	US$ in thousands	59,594,500	58,573,300	58,352,500	57,322,200	55,612,200	56,293,300	54,539,700	54,105,200	53,230,900	51,599,400	49,916,200	49,289,200	48,492,100	48,014,100	47,234,600	46,518,200	46,099,600	43,507,300	42,038,700	41,649,000
Total stockholders’ equity	US$ in thousands	15,039,400	26,982,100	14,818,700	14,543,600	14,173,900	15,685,900	15,554,100	15,749,400	15,473,200	15,279,200	15,057,200	14,836,700	14,599,800	14,411,600	14,311,900	14,233,400	14,063,600	13,980,000	13,805,300	13,210,000
Financial leverage ratio		3.96	2.17	3.94	3.94	3.92	3.59	3.51	3.44	3.44	3.38	3.32	3.32	3.32	3.33	3.30	3.27	3.28	3.11	3.05	3.15

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $59,594,500K ÷ $15,039,400K
= 3.96

The financial leverage ratio of Eversource Energy has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The ratio started at 3.15 on March 31, 2020, and decreased to 3.05 by June 30, 2020. It then increased to 3.28 by December 31, 2020, before stabilizing around the range of 3.27 to 3.38 from March 31, 2021, to September 30, 2022.

However, there was a noticeable increase in the financial leverage ratio to 3.44 by March 31, 2023, which further rose to 3.92 by December 31, 2023. Subsequently, there was a slight decrease to 3.94 by June 30, 2024, followed by a sudden decrease to 2.17 by September 30, 2024, before increasing again to 3.96 by December 31, 2024.

The fluctuations in the financial leverage ratio may indicate changes in the capital structure and debt levels of Eversource Energy over the years, potentially impacting its financial stability and risk profile. It is important for stakeholders to monitor these changes and assess their implications on the company's financial health and performance.