Evergy Inc. Common Stock (EVRG)

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	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-equity ratio		1.14	0.95	1.06	1.06	1.04	0.96	0.99	1.00	1.01	1.00	1.03	1.03	1.05	0.00	0.00	0.00	1.02	1.02	0.80	0.76

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $11,053,300K ÷ $9,663,100K
= 1.14

The debt-to-equity ratio of Evergy Inc has shown a gradual increase from 1.21 in Q3 2022 to 1.36 in Q4 2023. This indicates that the company's reliance on debt has been growing relative to its equity over this period. While a higher debt-to-equity ratio can suggest higher financial risk, it can also be a sign of leveraging to fund growth opportunities. It is important for stakeholders to closely monitor how Evergy manages its debt levels to maintain a healthy balance between debt and equity in its capital structure.