Public Service Enterprise Group Inc (PEG)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 17,784,000 | 16,495,000 | 15,219,000 | 14,496,000 | 13,743,000 |
| Total assets | US$ in thousands | 50,741,000 | 48,718,000 | 48,999,000 | 50,050,000 | 47,730,000 |
| Debt-to-assets ratio | 0.35 | 0.34 | 0.31 | 0.29 | 0.29 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $17,784,000K ÷ $50,741,000K
= 0.35
The debt-to-assets ratio of Public Service Enterprise Group Inc. has ranged from 0.34 to 0.42 over the past five years, with the most recent ratio being 0.40 as of December 31, 2023. This ratio indicates that, on average, 40% of the company's total assets are financed by debt.
The trend of the debt-to-assets ratio shows a slight increase from 0.34 in 2020 to 0.42 in 2022, before decreasing back to 0.40 in 2023. This suggests that the company has been gradually relying more on debt financing compared to its total assets, although there was a slight improvement in 2023.
Overall, the debt-to-assets ratio of Public Service Enterprise Group Inc. reflects a moderate level of leverage, indicating that the company has a significant portion of its assets financed by debt. It is important for stakeholders to monitor this ratio to ensure that the company's debt levels remain sustainable and do not pose excessive risk to its financial health.
Peer comparison
Dec 31, 2023