Evergy, Inc. (EVRG)

Financial leverage ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Total assets	US$ in thousands	32,282,100	32,146,100	31,831,000	31,256,300	32,244,200	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
Total stockholders’ equity	US$ in thousands	9,955,000	3,408,100	9,703,600	9,639,100	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
Financial leverage ratio		3.24	9.43	3.28	3.24	3.34	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

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $32,282,100K ÷ $9,955,000K
= 3.24

Evergy, Inc.'s financial leverage ratio has been relatively stable between the range of 3.05 to 3.18 from March 2020 to June 2023. This indicates that the company's reliance on debt to finance its operations has been consistent over this period. However, there was a notable increase in the financial leverage ratio to 3.34 by December 2023, suggesting a higher level of debt compared to equity.

The financial leverage ratio experienced a slight decrease to 3.24 by March 2024 and then increased again to 9.43 by September 2024. This substantial increase in the financial leverage ratio in September 2024 may indicate a significant spike in debt relative to equity, potentially signaling a riskier financial position. It would be important for stakeholders to monitor Evergy's leverage levels closely to ensure the company maintains a sustainable capital structure and sufficient debt servicing capacity.