MGE Energy Inc (MGEE)

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	763,697	715,268	716,461	717,646	718,822	690,028	651,654	652,804	585,246	561,566	592,689	613,105	614,211	615,311	556,431	518,211	519,303	520,383	521,456	522,614
Total assets	US$ in thousands	2,827,960	2,749,320	2,724,640	2,674,080	2,675,460	2,590,530	2,560,070	2,522,200	2,517,600	2,465,690	2,437,230	2,377,540	2,371,910	2,370,730	2,302,080	2,270,240	2,253,650	2,195,730	2,163,720	2,072,700
Debt-to-assets ratio		0.27	0.26	0.26	0.27	0.27	0.27	0.25	0.26	0.23	0.23	0.24	0.26	0.26	0.26	0.24	0.23	0.23	0.24	0.24	0.25

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $763,697K ÷ $2,827,960K
= 0.27

The debt-to-assets ratio for MGE Energy Inc has shown relatively stable performance over the past few years, ranging between 0.23 and 0.27. This ratio indicates that MGE Energy Inc relies moderately on debt financing to fund its assets, with a significant portion of its assets being funded by equity. The consistency in the ratio suggests that the company has been able to maintain a healthy balance between debt and assets, which can be a positive indicator of financial stability and risk management. However, it is essential for investors and analysts to continue monitoring this ratio to ensure that the company's debt levels remain sustainable and in line with its overall financial strategy.