PG&E Corp (PCG)
Debt-to-assets 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 | 50,975,000 | 50,343,000 | 50,230,000 | 48,508,000 | 47,742,000 | 47,854,000 | 44,174,000 | 39,123,000 | 38,225,000 | 35,959,000 | 35,955,000 | 37,801,000 | 37,288,000 | 36,311,000 | 34,920,000 | 22,176,000 | 0 | — | — | 0 |
| Total assets | US$ in thousands | 125,698,000 | 123,009,000 | 120,705,000 | 119,612,000 | 118,644,000 | 117,012,000 | 113,541,000 | 103,931,000 | 103,327,000 | 103,561,000 | 100,494,000 | 98,558,000 | 97,856,000 | 95,587,000 | 109,229,000 | 86,688,000 | 85,196,000 | 85,713,000 | 84,387,000 | 82,287,000 |
| Debt-to-assets ratio | 0.41 | 0.41 | 0.42 | 0.41 | 0.40 | 0.41 | 0.39 | 0.38 | 0.37 | 0.35 | 0.36 | 0.38 | 0.38 | 0.38 | 0.32 | 0.26 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $50,975,000K ÷ $125,698,000K
= 0.41
The debt-to-assets ratio of PG&E Corp. has been relatively stable over the past eight quarters, hovering around the range of 0.43 to 0.45. This indicates that, on average, approximately 45% of the company's total assets are financed through debt, while the remaining 55% is funded by equity.
A consistent debt-to-assets ratio suggests that PG&E Corp. has maintained a balance between using debt and equity to finance its operations and investments. This stability can indicate a conservative approach to capital structure management, as well as a lower level of financial risk associated with excessive leverage.
However, it is important to note that while a moderate level of debt can be beneficial for leveraging growth opportunities and tax benefits, too much debt can lead to financial distress and liquidity issues, especially in times of economic uncertainty or downturns. Therefore, ongoing monitoring of the debt-to-assets ratio and its trends is crucial to assess PG&E Corp.'s financial health and risk profile over time.
Peer comparison
Dec 31, 2023