Public Service Enterprise Group Inc (PEG)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 18,964,000 | 17,784,000 | 16,495,000 | 15,219,000 | 14,496,000 |
| Total assets | US$ in thousands | 54,640,000 | 50,741,000 | 48,718,000 | 48,999,000 | 50,050,000 |
| Debt-to-assets ratio | 0.35 | 0.35 | 0.34 | 0.31 | 0.29 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $18,964,000K ÷ $54,640,000K
= 0.35
The debt-to-assets ratio for Public Service Enterprise Group Inc has been gradually increasing over the past five years. As of December 31, 2020, the ratio stood at 0.29, indicating that 29% of the company's assets were financed by debt. Subsequently, the ratio increased to 0.31 by December 31, 2021, and further to 0.34 by December 31, 2022. By the end of December 31, 2023, the ratio reached 0.35, suggesting that 35% of the company's assets were funded through debt. This ratio remained stable at 0.35 as of December 31, 2024.
The increasing trend in the debt-to-assets ratio may indicate that Public Service Enterprise Group Inc is relying more on debt financing to support its operations and investments. While a higher ratio can potentially enhance returns, it also signifies higher financial risk due to the increased debt burden. It is essential for stakeholders to monitor this ratio closely to ensure the company's financial stability and ability to meet its debt obligations in the long run.
Peer comparison
Dec 31, 2024