OGE Energy Corporation (OGE)

Financial leverage 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
Total assets	US$ in thousands	13,716,000	13,475,800	13,211,800	12,918,000	12,790,700	12,743,200	12,604,600	12,790,300	12,544,700	12,604,000	12,838,000	13,093,600	12,606,400	12,177,500	11,899,500	11,788,700	10,718,800	10,497,600	10,439,100	10,370,900
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
Financial leverage ratio		2.96	2.92	2.95	2.91	2.84	2.81	2.88	2.93	2.84	2.84	3.02	3.07	3.11	3.19	3.27	3.27	2.95	2.87	2.93	2.92

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $13,716,000K ÷ $4,640,900K
= 2.96

The financial leverage ratio of OGE Energy Corporation has shown fluctuations over the periods analyzed. The ratio ranged from a low of 2.84 to a high of 3.27 during the time frame from March 31, 2020, to December 31, 2024.

Overall, the trend indicates a slightly increasing leverage ratio from 2.92 in March 2020 to 2.96 in December 2024, with some fluctuations in between. This suggests that the company's reliance on debt to finance its operations increased slightly over the period, peaking in the first half of 2021 before gradually decreasing towards the end of 2024.

A financial leverage ratio above 2 indicates that OGE Energy Corporation has more debt relative to its equity, which can signal higher financial risk. It is essential for stakeholders to monitor this ratio closely to ensure the company's long-term financial stability and ability to meet its debt obligations.