Evergy, Inc. (EVRG)
Debt-to-equity ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 9,807,800 | 9,663,100 | 9,483,700 | 9,244,400 | 8,733,400 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $9,807,800K
= 0.00
Based on the data provided, Evergy, Inc. has consistently maintained a debt-to-equity ratio of 0.00 from December 31, 2020, to December 31, 2024. A debt-to-equity ratio of 0.00 indicates that the company has no debt in relation to its equity during this period. This implies that Evergy has primarily funded its operations and investments through equity financing rather than debt financing.
A debt-to-equity ratio of 0.00 may suggest that Evergy has a conservative financial structure with a lower risk of financial distress due to lower levels of debt. However, it is essential to consider the broader context of the industry and the company's specific circumstances when interpreting this ratio. Further analysis of Evergy's capital structure, profitability, and growth prospects would provide a more comprehensive assessment of its financial health and strategic decisions.
Peer comparison
Dec 31, 2024