Public Service Enterprise Group Inc (PEG)

Debt-to-assets ratio

		Dec 31, 2024	Sep 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	Dec 31, 2019
Long-term debt	US$ in thousands	18,964,000	18,960,000	18,764,000	17,784,000	17,039,000	16,394,000	17,140,000	16,495,000	16,150,000	16,471,000	16,968,000	15,219,000	14,425,000	15,350,000	15,346,000	14,496,000	14,792,000	13,580,000	14,040,000	13,743,000
Total assets	US$ in thousands	54,640,000	54,080,000	52,388,000	50,741,000	49,552,000	49,505,000	49,409,000	48,718,000	47,741,000	49,608,000	47,774,000	48,999,000	49,426,000	49,292,000	50,206,000	50,050,000	49,576,000	48,780,000	48,365,000	47,730,000
Debt-to-assets ratio		0.35	0.35	0.36	0.35	0.34	0.33	0.35	0.34	0.34	0.33	0.36	0.31	0.29	0.31	0.31	0.29	0.30	0.28	0.29	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 of Public Service Enterprise Group Inc has shown relative stability over the analyzed period, ranging between 0.28 and 0.36. This ratio provides insight into the proportion of the company's assets financed by debt, with lower values indicating a lower level of financial risk.

The ratio increased from 0.29 in December 2019 to 0.36 in March 2024, suggesting a higher reliance on debt financing compared to assets. Although the ratio fluctuated slightly throughout the quarters, it generally remained within the 0.29 to 0.36 range, indicating a moderate level of debt utilization to support the company's operations and investments.

Notably, the ratio peaked at 0.36 in both March 2024 and September 2021, possibly signaling increased leverage during those periods. Investors and creditors may monitor this trend to assess the company's ability to manage its debt levels effectively and maintain a healthy balance between debt and assets.