Entergy Corporation (ETR)

Debt-to-assets 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	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018
Long-term debt	US$ in thousands	23,008,800	24,659,300	24,321,700	24,464,300	23,623,500	24,635,900	24,543,900	26,176,400	24,841,600	23,846,700	24,212,000	24,075,500	19,612,700	18,278,400	18,228,500	17,078,600	16,938,000	17,204,300	17,167,900	15,518,300
Total assets	US$ in thousands	59,703,400	60,552,100	59,717,200	59,203,300	58,595,200	58,975,300	57,827,600	59,833,500	59,454,200	58,843,500	55,949,300	58,667,600	56,070,300	53,365,300	52,555,000	51,723,900	50,506,300	50,565,700	49,605,400	48,275,100
Debt-to-assets ratio		0.39	0.41	0.41	0.41	0.40	0.42	0.42	0.44	0.42	0.41	0.43	0.41	0.35	0.34	0.35	0.33	0.34	0.34	0.35	0.32

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $23,008,800K ÷ $59,703,400K
= 0.39

Entergy Corp.'s debt-to-assets ratio has been relatively stable over the past eight quarters, ranging between 0.44 and 0.48. A decreasing trend in this ratio would generally indicate a healthier financial position, as it suggests less reliance on debt financing compared to total assets.

Although the ratio has fluctuated slightly, it has mostly stayed within a narrow range, indicating a consistent balance between the company's debt and assets. A ratio around 0.46 to 0.47 suggests that around 46% to 47% of Entergy Corp.'s assets are financed by debt, on average. This level of leverage is not excessively high but indicates that the company has a significant portion of its assets financed by debt.

It would be essential for Entergy Corp. to continue monitoring and managing its debt levels effectively to ensure sustainable growth and financial health. Additionally, comparing this ratio to industry benchmarks or peers could provide further insight into how Entergy Corp.'s leverage position stacks up against others in the sector.