FirstEnergy Corporation (FE)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 10,437,000 | 10,474,000 | 10,510,000 | 10,253,000 | 10,166,000 | 10,774,000 | 10,858,000 | 8,755,000 | 8,675,000 | 7,479,000 | 7,430,000 | 7,360,000 | 7,237,000 | 7,188,000 | 7,143,000 | 6,814,000 | 6,975,000 | 7,272,000 | 7,269,000 | 6,932,000 |
| Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $10,437,000K)
= 0.00
The debt-to-capital ratio of Firstenergy Corp. has been relatively stable over the past eight quarters, ranging between 0.66 and 0.73. This ratio indicates the proportion of the company's capital structure that is financed by debt, with values above 0.5 suggesting a higher reliance on debt financing.
The consistent level around 0.70 indicates that Firstenergy Corp. has maintained a moderate to high level of debt compared to its total capital across the periods analyzed. The slight increase from 0.66 in Q3 2022 to 0.73 in Q1 2022 may indicate a temporary increase in debt relative to capital in that particular quarter.
Overall, the trend suggests that Firstenergy Corp. has remained within a certain range of debt-to-capital ratio, which could reflect the company's financing strategy and ability to manage its debt obligations. It would be important to monitor any significant deviations from this range in future periods to assess the company's evolving capital structure and financial health.
Peer comparison
Dec 31, 2023