OGE Energy Corporation (OGE)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	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	4,139,500	4,186,200	4,007,200	3,976,200
Debt-to-equity ratio		0.96	0.96	0.99	0.91	0.80	0.80	0.83	1.05	1.11	1.18	1.23	0.97	0.96	0.95	0.98	0.90	0.77	0.76	0.80	0.73

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 fluctuated over the past eight quarters. In Q4 2023, the ratio stood at 1.07, a slight increase from the previous quarter. This indicates that the company had $1.07 in debt for every $1 of equity.

Looking back, the ratio has been relatively stable in the range of 1.02 to 1.14 over the past year, with some fluctuations. The highest ratio was observed in Q1 2022 at 1.23, suggesting a higher level of debt relative to equity during that period.

Overall, the trend indicates that Oge Energy Corp has been managing its debt levels in relation to equity, with some variations noted. It is essential for stakeholders to monitor these fluctuations to assess the company's financial leverage and risk profile effectively.