FirstEnergy Corporation (FE)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 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 | 42,938,000 | 42,403,000 | 42,090,000 | 42,301,000 | 41,506,000 | 40,884,000 | 40,490,000 |
| 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, 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 remained relatively stable over the past eight quarters. It fluctuated within a narrow range between 0.47 and 0.52, with the highest ratio recorded in Q3 2023 and Q1 2022 at 0.52, indicating that over half of the company's assets were financed through debt during these periods.
Overall, the trend suggests that Firstenergy Corp. maintains a moderate level of leverage, with a substantial portion of its assets funded by debt. It is important to monitor this ratio consistently to assess the company's ability to manage its debt obligations and the associated financial risks.
Peer comparison
Dec 31, 2023