PG&E Corp (PCG)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 30,149,000 | 25,040,000 | 22,823,000 | 20,971,000 | 21,001,000 |
| Debt-to-equity ratio | 1.78 | 2.04 | 2.09 | 1.82 | 1.78 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $53,569,000K ÷ $30,149,000K
= 1.78
The debt-to-equity ratio for PG&E Corp has shown a gradual increase over the years, starting at 1.78 as of December 31, 2020, and peaking at 2.09 as of December 31, 2022. This indicates that the company's level of debt relative to its equity has been growing, potentially signaling increased leverage. However, the ratio decreased slightly to 2.04 as of December 31, 2023, before dropping back to 1.78 by December 31, 2024, which may suggest some efforts to manage debt levels. Overall, monitoring this ratio closely is important to assess the company's financial risk and balance sheet health.
Peer comparison
Dec 31, 2024