PG&E Corp (PCG)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 53,569,000 | 50,975,000 | 47,742,000 | 38,225,000 | 37,288,000 |
| Total assets | US$ in thousands | 133,660,000 | 125,698,000 | 118,644,000 | 103,327,000 | 97,856,000 |
| Debt-to-assets ratio | 0.40 | 0.41 | 0.40 | 0.37 | 0.38 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $53,569,000K ÷ $133,660,000K
= 0.40
The debt-to-assets ratio of PG&E Corp has shown a relatively stable trend over the past five years, with values ranging from 0.37 to 0.41. This ratio indicates the proportion of the company's assets that are financed through debt, with lower values suggesting lower financial risk as there is less reliance on debt financing. PG&E Corp's debt-to-assets ratio has consistently remained below 0.5, indicating a conservative approach to funding its operations and investments. Overall, the company's relatively low debt-to-assets ratio suggests a prudent financial management strategy aimed at maintaining a healthy balance between debt and assets.
Peer comparison
Dec 31, 2024