PG&E Corp (PCG)

Debt-to-assets 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
Long-term debt	US$ in thousands	53,569,000	54,748,000	52,664,000	53,415,000	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
Total assets	US$ in thousands	133,660,000	132,319,000	130,788,000	127,645,000	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
Debt-to-assets ratio		0.40	0.41	0.40	0.42	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

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 for PG&E Corp has been fluctuating over the years as per the provided data. The ratio indicates the proportion of the company's assets that are financed through debt.

From March 31, 2020, to December 31, 2020, the ratio increased from 0.26 to 0.38, reflecting a significant rise in the company's debt compared to its assets. Over the next few quarters, the ratio remained relatively stable, hovering around 0.38 to 0.35.

In the latter part of 2022 and early 2023, there was a slight increase in the ratio, reaching 0.42 by June 30, 2023. However, by December 31, 2024, the ratio had decreased to 0.40, indicating a slightly lower reliance on debt to finance the company's assets.

Overall, the trend in the debt-to-assets ratio for PG&E Corp shows fluctuations over the years, with periods of increase and decrease. This ratio is crucial for investors and creditors to assess the company's financial risk and leverage position.