PG&E Corp (PCG)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 30,149,000 | 26,834,000 | 26,253,000 | 25,731,000 | 25,040,000 | 24,132,000 | 23,763,000 | 23,334,000 | 22,823,000 | 22,234,000 | 21,767,000 | 21,392,000 | 20,971,000 | 20,475,000 | 21,547,000 | 21,127,000 | 21,001,000 | 20,812,000 | 3,549,000 | 5,507,000 |
| Debt-to-capital ratio | 0.64 | 0.67 | 0.67 | 0.67 | 0.67 | 0.68 | 0.68 | 0.68 | 0.68 | 0.68 | 0.67 | 0.65 | 0.65 | 0.64 | 0.63 | 0.64 | 0.64 | 0.64 | 0.91 | 0.80 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $53,569,000K ÷ ($53,569,000K + $30,149,000K)
= 0.64
The debt-to-capital ratio of PG&E Corp has shown some fluctuations over the reported periods. The ratio was relatively high at 0.91 as of June 30, 2020, indicating a higher proportion of debt in the company's capital structure at that time. Subsequently, the ratio decreased significantly to 0.64 by September 30, 2020, and has remained relatively stable around this level in the following quarters.
The ratio stood at 0.64 as of December 31, 2020, and continued to hover around this level, ranging between 0.63 and 0.68 over the next few quarters. This suggests that PG&E Corp has maintained a consistent balance between debt and equity in its capital structure during this period.
Overall, the debt-to-capital ratio of PG&E Corp has shown stability within a moderate range, indicating a relatively healthy mix of debt and equity financing in the company's funding sources. Investors and stakeholders may view this consistency positively as it reflects a prudent approach to managing the company's financial leverage.
Peer comparison
Dec 31, 2024