FirstEnergy Corporation (FE)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 52,044,000 | 50,756,000 | 51,021,000 | 51,299,000 | 48,767,000 | 47,471,000 | 47,065,000 | 46,479,000 | 46,108,000 | 44,851,000 | 45,120,000 | 44,617,000 | 45,432,000 | 43,854,000 | 44,363,000 | 44,117,000 | 44,464,000 | 42,922,000 | 42,403,000 | 42,090,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 consistently remained at 0.00 from March 31, 2020, to December 31, 2024. This indicates that the company has financed its assets entirely by equity rather than debt during this period. A debt-to-assets ratio of 0.00 implies that the company has no debt compared to its total assets, which may suggest a conservative financial strategy or a strong financial position with minimal financial risk. It is important to note that a zero debt-to-assets ratio may not always be ideal, as a certain level of debt can be beneficial for leveraging growth opportunities or tax benefits.
Peer comparison
Dec 31, 2024