MGE Energy Inc (MGEE)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 763,697 | 718,822 | 585,246 | 614,211 | 519,303 |
| Total stockholders’ equity | US$ in thousands | 1,230,140 | 1,140,070 | 1,081,670 | 1,027,470 | 976,000 |
| Debt-to-capital ratio | 0.38 | 0.39 | 0.35 | 0.37 | 0.35 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $763,697K ÷ ($763,697K + $1,230,140K)
= 0.38
The debt-to-capital ratio of MGE Energy Inc has shown some slight fluctuations over the past five years. Starting from 0.35 in December 31, 2020, it increased to 0.37 by December 31, 2021, before decreasing back to 0.35 by December 31, 2022. Subsequently, there was an uptick to 0.39 by December 31, 2023, followed by a slight decrease to 0.38 by December 31, 2024.
Overall, the trend indicates that the company has been managing its debt levels relative to its capital structure, although there have been some variations. It is important for investors and stakeholders to closely monitor this ratio to assess the company's ability to meet its financial obligations and its overall financial health.