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.