Evergy Inc. Common Stock (EVRG)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 3.21 | 3.14 | 3.18 | 3.13 | 3.11 | 3.04 | 3.14 | 3.11 | 3.09 | 3.02 | 3.12 | 3.18 | 3.10 | 3.05 | 3.07 | 3.07 | 3.03 | 3.01 | 2.90 | 2.77 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $30,976,100K ÷ $9,663,100K
= 3.21
Evergy Inc's financial leverage ratio has exhibited fluctuations over the past eight quarters. The ratio ranged from a low of 3.04 in Q3 2022 to a high of 3.21 in Q4 2023. Generally, the ratio has been gradually increasing over this period, indicating a rise in the company's reliance on debt to finance its operations and investments. This trend suggests that Evergy Inc may be taking on more debt relative to its equity, which could potentially increase its financial risk and impact its overall financial stability. It would be advisable for stakeholders to monitor this trend closely and assess its implications for the company's long-term financial health.
Peer comparison
Dec 31, 2023