OGE Energy Corporation (OGE)

Debt-to-assets 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	4,340,500	4,339,700	4,339,000	3,994,100	3,548,700	3,548,200	3,547,600	4,497,000	4,496,400	4,495,800	4,495,200	3,495,000	3,494,400	3,493,900	3,493,400	3,195,600	3,195,200	3,194,700	3,193,600	2,897,300
Total assets	US$ in thousands	12,790,700	12,743,200	12,604,600	12,790,300	12,544,700	12,604,000	12,838,000	13,093,600	12,606,400	12,177,500	11,899,500	11,788,700	10,718,800	10,497,600	10,439,100	10,370,900	11,024,300	11,083,700	10,886,200	10,761,600
Debt-to-assets ratio		0.34	0.34	0.34	0.31	0.28	0.28	0.28	0.34	0.36	0.37	0.38	0.30	0.33	0.33	0.33	0.31	0.29	0.29	0.29	0.27

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $4,340,500K ÷ $12,790,700K
= 0.34

The debt-to-assets ratio of Oge Energy Corp. has shown relative stability over the past eight quarters, ranging from 0.36 to 0.40. This ratio indicates the proportion of the company's assets that are financed through debt.

The ratio has hovered around 0.38 for the most recent quarters, suggesting that approximately 38% of Oge Energy Corp.'s assets are funded by debt. This implies that the company relies moderately on debt to finance its operations and investments, while maintaining a substantial portion of its assets financed by equity.

Overall, the consistency in the debt-to-assets ratio indicates that Oge Energy Corp. has been managing its debt levels effectively and maintaining a balanced capital structure over the analyzed period. It is essential for stakeholders to continue monitoring this ratio to ensure the company's financial health and sustainability in the long term.