Entergy Corporation (ETR)

Debt-to-equity 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 stockholders’ equity US$ in thousands 14,622,600 13,691,500 13,237,100 13,058,200 12,967,000 12,096,400 11,711,100 11,710,100 11,637,300 11,252,500 10,887,900 11,017,200 10,771,800 10,426,000 10,224,000 10,223,700 10,035,100 9,797,500 8,970,370 8,844,300
Debt-to-equity ratio 1.57 1.80 1.84 1.87 1.82 2.04 2.10 2.24 2.13 2.12 2.22 2.19 1.82 1.75 1.78 1.67 1.69 1.76 1.91 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 exhibited a declining trend over the past eight quarters, decreasing from 2.46 in Q1 2022 to 1.81 in Q4 2023. A lower debt-to-equity ratio generally indicates a lower reliance on debt financing relative to equity, suggesting improved financial stability and reduced financial risk. This trend may reflect management's efforts to deleverage the company's capital structure, potentially enhancing its ability to weather economic downturns and meet financial obligations. Monitoring this ratio over time can provide insights into the company's capital structure management and financial health.