Evergy Inc. Common Stock (EVRG)

Debt-to-capital 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 stockholders’ equity US$ in thousands 9,663,100 9,749,000 9,534,900 9,489,000 9,483,700 9,609,000 9,307,300 9,237,100 9,244,400 9,317,800 8,986,000 8,806,300 8,733,400 8,802,100 8,547,800 8,529,200 8,571,900 8,619,300 8,883,100 9,422,900
Debt-to-capital ratio 0.53 0.49 0.51 0.52 0.51 0.49 0.50 0.50 0.50 0.50 0.51 0.51 0.51 0.00 0.00 0.00 0.51 0.50 0.45 0.43

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $11,053,300K ÷ ($11,053,300K + $9,663,100K)
= 0.53

The debt-to-capital ratio of Evergy Inc has shown a gradual increase from 0.55 in Q3 2022 to 0.58 in Q4 2023. This indicates that the company's reliance on debt relative to its total capital has been on the rise over the past eight quarters. The ratio has generally fluctuated within a narrow range of 0.55 to 0.58 during this period, suggesting a relatively stable capital structure. However, management should continue to monitor this ratio closely to ensure that the company's debt levels remain sustainable and in line with its financial strategy.