OGE Energy Corporation (OGE)
Debt-to-equity 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-equity ratio | 1.08 | 0.96 | 0.80 | 1.11 | 0.96 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $5,020,900K ÷ $4,640,900K
= 1.08
Based on the provided data, OGE Energy Corporation's debt-to-equity ratio has shown some fluctuations over the past five years.
As of December 31, 2020, the debt-to-equity ratio was 0.96, indicating that the company had almost an equal amount of debt and equity in its capital structure.
By the end of 2021, the ratio increased to 1.11, which suggests that the company became more leveraged and had a higher proportion of debt relative to equity.
In 2022, the ratio decreased to 0.80, indicating a reduction in the company's debt relative to equity, potentially a positive sign for investors concerned about financial risk.
The ratio then rose to 0.96 by the end of 2023, returning to a level similar to that of 2020.
Finally, as of December 31, 2024, the debt-to-equity ratio increased once again to 1.08, indicating a higher reliance on debt financing compared to equity.
Overall, the trend in OGE Energy Corporation's debt-to-equity ratio suggests some variability in the company's capital structure over the analyzed period. Investors and analysts may want to monitor this ratio closely to assess the company's financial risk and leverage levels.
Peer comparison
Dec 31, 2024