OGE Energy Corporation (OGE)

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 5,020,900 4,340,500 3,548,700 4,496,400 3,494,400
Total stockholders’ equity US$ in thousands 4,640,900 4,511,600 4,413,400 4,056,300 3,631,800
Debt-to-capital ratio 0.52 0.49 0.45 0.53 0.49

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $5,020,900K ÷ ($5,020,900K + $4,640,900K)
= 0.52

The debt-to-capital ratio of OGE Energy Corporation has exhibited some fluctuations over the past five years. As of December 31, 2020, the ratio stood at 0.49, indicating that roughly 49% of the company's capital structure was funded by debt. The ratio increased to 0.53 by the end of 2021, suggesting a higher proportion of debt relative to total capital.

Subsequently, the ratio decreased to 0.45 by December 31, 2022, reflecting a lower reliance on debt financing compared to the previous year. However, by the end of 2023, the ratio returned to 0.49, similar to the level observed in 2020. Finally, as of December 31, 2024, the ratio rose to 0.52, indicating a slightly higher debt contribution to the company's capital structure.

Overall, the trend in OGE Energy Corporation's debt-to-capital ratio over the period highlights some variability in the company's capital structure, with fluctuations in the level of debt financing utilized. Investors and stakeholders may monitor this ratio to assess the company's leverage and financial risk profile.