FirstEnergy Corporation (FE)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 52,044,000 | 48,767,000 | 46,108,000 | 45,432,000 | 44,464,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $52,044,000K
= 0.00
The debt-to-assets ratio of FirstEnergy Corporation has remained consistent at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt significantly to finance its assets during this period. A low debt-to-assets ratio can suggest a conservative capital structure, implying lower financial risk and greater financial stability. However, it's important to consider that an extremely low debt-to-assets ratio may also mean missed opportunities for leveraging debt for potential growth or tax benefits. Further analysis of the company's overall financial strategy and long-term objectives would provide a more holistic understanding of its financial health.
Peer comparison
Dec 31, 2024