PG&E Corp (PCG)
Debt-to-equity 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-equity ratio | 1.78 | 2.04 | 2.01 | 2.08 | 2.04 | 2.09 | 2.11 | 2.08 | 2.09 | 2.15 | 2.03 | 1.83 | 1.82 | 1.76 | 1.67 | 1.79 | 1.78 | 1.74 | 9.84 | 4.03 |
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 of PG&E Corp has shown fluctuations over the years, with the ratio ranging from a high of 9.84 in June 2020 to a low of 1.67 in June 2021. This ratio indicates the proportion of the company's financing that comes from debt relative to equity.
As of December 31, 2024, the debt-to-equity ratio stands at 1.78, which suggests that the company has $1.78 in debt for every $1 of equity. This indicates a moderate level of financial leverage, where the company relies slightly more on debt financing compared to equity.
Overall, the trend in the debt-to-equity ratio for PG&E Corp has been relatively stable in recent quarters, hovering around the 2.00 mark. Investors and analysts typically view a moderate debt-to-equity ratio as a healthy sign, as it shows a balance between debt and equity funding. However, it is important to monitor changes in this ratio over time to assess the company's financial health and risk profile.
Peer comparison
Dec 31, 2024