PG&E Corp (PCG)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Total stockholders’ equity | US$ in thousands | 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 | 5,136,000 | 8,739,000 | 10,342,000 | 12,877,000 |
| Financial leverage ratio | 5.02 | 5.10 | 5.08 | 5.13 | 5.20 | 5.26 | 5.22 | 4.86 | 4.93 | 5.06 | 4.66 | 4.67 | 4.66 | 4.59 | 30.78 | 15.74 | 16.59 | 9.81 | 8.16 | 6.39 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $125,698,000K ÷ $25,040,000K
= 5.02
The financial leverage ratio for PG&E Corp. has shown a fluctuating trend over the past eight quarters. The ratio ranged from 4.86 to 5.26 during this period. In Q1 2022, the ratio was at its lowest at 4.86, indicating lower financial risk and reliance on debt. However, the ratio increased to 5.26 in Q3 2022, suggesting higher leverage and potentially increased financial risk for the company.
In the most recent quarter, Q4 2023, the financial leverage ratio stood at 5.02, reflecting a slight decrease compared to the previous quarter. This decrease may indicate some efforts by PG&E Corp. to manage its debt levels and reduce financial risk. However, the ratio remains relatively high, indicating a significant reliance on debt financing to support the company's operations and investments.
Overall, the fluctuating trend in the financial leverage ratio of PG&E Corp. suggests varying levels of financial risk and debt management strategies employed by the company over the past two years. Investors and analysts may closely monitor these ratios to assess the company's financial health and risk profile.
Peer comparison
Dec 31, 2023