FirstEnergy Corporation (FE)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $10,437,000K
= 0.00
The debt-to-equity ratio of Firstenergy Corp. has shown a generally increasing trend from Q1 2022 to Q4 2023. This indicates that the company has been relying more on debt financing compared to equity financing over the period.
In Q1 2022, the debt-to-equity ratio was 2.65, which decreased slightly to 1.94 by Q2 2022. However, the ratio started rising again in subsequent quarters and reached 2.39 by Q4 2023.
A higher debt-to-equity ratio suggests that the company may be more leveraged and could be at a higher risk of financial distress if it is unable to meet its debt obligations. Investors and creditors typically monitor this ratio to assess the company's financial health and risk profile.
It is important for Firstenergy Corp. to closely manage its debt levels and consider the implications of increasing leverage on its overall financial position and operational sustainability.
Peer comparison
Dec 31, 2023