NorthWestern Corporation (NWE)

Debt-to-equity ratio

Dec 31, 2024 Dec 31, 2023
Long-term debt US$ in thousands 2,695,340 2,684,640
Total stockholders’ equity US$ in thousands 2,857,700 2,785,310
Debt-to-equity ratio 0.94 0.96

December 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,695,340K ÷ $2,857,700K
= 0.94