Evergy Inc. Common Stock (EVRG)

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	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	11,053,300	9,297,600	10,097,100	10,097,200	9,905,700	9,197,200	9,196,700	9,247,100	9,297,900	9,297,300	9,297,300	9,090,600	9,190,900	—	—	—	8,746,700	8,749,200	7,122,500	7,125,900
Total assets	US$ in thousands	30,976,100	30,616,000	30,277,100	29,685,900	29,489,900	29,247,600	29,188,800	28,739,900	28,520,500	28,182,100	28,008,800	28,020,100	27,114,800	26,881,200	26,250,400	26,184,700	25,975,900	25,907,500	25,718,400	26,060,700
Debt-to-assets ratio		0.36	0.30	0.33	0.34	0.34	0.31	0.32	0.32	0.33	0.33	0.33	0.32	0.34	0.00	0.00	0.00	0.34	0.34	0.28	0.27

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 been relatively stable over the past quarters, ranging between 0.40 and 0.43. This ratio indicates that around 40-43% of the company's assets are financed by debt, while the rest is funded by equity. The consistency in the ratio suggests that Evergy is managing its debt levels effectively and maintaining a healthy balance between debt and equity in its capital structure. It is essential to monitor this ratio over time to ensure the company's financial stability and risk management.