OGE Energy Corporation (OGE)

Debt-to-capital ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Long-term debt	US$ in thousands	5,020,900	5,020,800	4,821,800	4,261,900	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
Total stockholders’ equity	US$ in thousands	4,640,900	4,617,100	4,477,700	4,445,300	4,511,600	4,540,700	4,379,100	4,370,000	4,413,400	4,440,700	4,256,900	4,262,700	4,056,300	3,814,900	3,640,800	3,605,500	3,631,800	3,660,700	3,564,200	3,552,700
Debt-to-capital ratio		0.52	0.52	0.52	0.49	0.49	0.49	0.50	0.48	0.45	0.44	0.45	0.51	0.53	0.54	0.55	0.49	0.49	0.49	0.49	0.47

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 fluctuated over the specified time period, ranging from 0.45 to 0.55. This ratio indicates the proportion of the company's total debt to its total capital, which includes both debt and equity. A decreasing trend in the debt-to-capital ratio may suggest a reduction in the company's reliance on debt financing, potentially improving its financial stability and risk profile. Conversely, an increasing ratio could indicate an uptick in debt levels relative to capital, which may raise concerns about the company's leverage and ability to meet its financial obligations. It is important for stakeholders to closely monitor changes in the debt-to-capital ratio to assess OGE Energy Corporation's financial health and capital structure.