OGE Energy Corporation (OGE)

Debt-to-assets ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-term debt	US$ in thousands	5,020,900	4,340,500	3,548,700	4,496,400	3,494,400
Total assets	US$ in thousands	13,716,000	12,790,700	12,544,700	12,606,400	10,718,800
Debt-to-assets ratio		0.37	0.34	0.28	0.36	0.33

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $5,020,900K ÷ $13,716,000K
= 0.37

The debt-to-assets ratio of OGE Energy Corporation has exhibited some fluctuations over the past five years. As of December 31, 2020, the ratio stood at 0.33, indicating that 33% of the company's assets were financed by debt. This ratio increased slightly to 0.36 by the end of 2021, suggesting a higher reliance on debt for funding company assets.

However, in the following year, as of December 31, 2022, the debt-to-assets ratio decreased to 0.28, signaling a lower proportion of debt in the capital structure compared to the previous period. Subsequently, by the end of 2023, the ratio rose to 0.34, indicating a slight increase in the use of debt to finance company operations.

Most recently, as of December 31, 2024, the debt-to-assets ratio increased to 0.37. This uptick suggests a higher level of debt relative to assets, highlighting a potential increase in financial leverage or borrowing activity during that period. Overall, fluctuations in the debt-to-assets ratio of OGE Energy Corporation over the five-year period demonstrate varying levels of debt utilization in funding the company's assets.