Evergy Inc. Common Stock (EVRG)

Debt-to-assets ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	11,053,300	9,905,700	9,297,900	9,190,900	8,746,700
Total assets	US$ in thousands	30,976,100	29,489,900	28,520,500	27,114,800	25,975,900
Debt-to-assets ratio		0.36	0.34	0.33	0.34	0.34

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $11,053,300K ÷ $30,976,100K
= 0.36

The debt-to-assets ratio of Evergy Inc has shown a gradual increase over the past five years, from 0.38 in 2019 to 0.42 in 2023. This indicates that the company's reliance on debt to finance its assets has been increasing slightly over the years. A higher debt-to-assets ratio suggests that a larger proportion of the company's assets are funded by debt, which can increase financial risk and interest expenses. However, it is essential to consider industry benchmarks and overall financial health when interpreting this ratio. It would be advisable to monitor Evergy Inc's debt management strategies and financial health closely to assess the implications of this trend on the company's long-term sustainability and profitability.