Entergy Corporation (ETR)

Debt-to-equity ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2019	Dec 31, 2018
Long-term debt	US$ in thousands	23,008,800	23,623,500	24,841,600	17,078,600	15,518,300
Total stockholders’ equity	US$ in thousands	14,622,600	12,967,000	11,637,300	10,223,700	8,844,300
Debt-to-equity ratio		1.57	1.82	2.13	1.67	1.75

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $23,008,800K ÷ $14,622,600K
= 1.57

The debt-to-equity ratio of Entergy Corp. has fluctuated over the past five years, ranging from 1.81 to 2.35. A decreasing trend is observed from 2.35 in 2021 to 1.81 in 2023, indicating a relative decrease in the company's reliance on debt to finance its operations compared to equity. This may suggest improved financial stability and a lower risk of financial distress, as the company has been reducing its debt levels or increasing equity. However, it is important to note that the ratio still remains above 1, indicating that the company has more debt than equity in its capital structure. Overall, further monitoring of this ratio is recommended to assess the company's capital structure management and financial risk.