FirstEnergy Corporation (FE)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 48,767,000 | 46,108,000 | 45,432,000 | 44,464,000 | 42,301,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $48,767,000K
= 0.00
The debt-to-assets ratio of Firstenergy Corp. has fluctuated over the past five years, indicating varying levels of debt relative to assets. The ratio was highest in 2020 at 0.55 and lowest in 2022 at 0.47, showing a decrease in the proportion of debt to total assets. In 2023, the ratio stood at 0.51, reflecting a slight increase compared to the prior year. Overall, the trend suggests that Firstenergy Corp. has been managing its debt levels relative to its asset base, with some fluctuations in each year. Further analysis would be beneficial to understand the reasons behind these changes and to assess the company's financial stability and risk management strategies.
Peer comparison
Dec 31, 2023