OGE Energy Corporation (OGE)

Debt-to-equity ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	4,340,500	3,548,700	4,496,400	3,494,400	3,195,200
Total stockholders’ equity	US$ in thousands	4,511,600	4,413,400	4,056,300	3,631,800	4,139,500
Debt-to-equity ratio		0.96	0.80	1.11	0.96	0.77

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $4,340,500K ÷ $4,511,600K
= 0.96

The debt-to-equity ratio of Oge Energy Corp. has shown fluctuations over the past five years, ranging from 0.80 in 2019 to 1.23 in 2021. In 2023, the ratio stands at 1.07, indicating that the company has slightly higher debt relative to its equity compared to the previous year. A ratio above 1 suggests that the company relies more on debt financing than equity to fund its operations and growth. It is essential to monitor this ratio closely as a high debt-to-equity ratio can indicate higher financial risk and potentially impact the company's ability to meet its obligations or take advantage of future opportunities.