Public Service Enterprise Group Inc (PEG)

Debt-to-assets 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
Long-term debt	US$ in thousands	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	14,448,000	14,301,000	13,216,000
Total assets	US$ in thousands	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	46,815,000	46,280,000	45,756,000
Debt-to-assets ratio		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	0.31	0.31	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 been relatively stable over the past eight quarters, ranging from 0.40 to 0.42. This indicates that the company's level of debt in relation to its total assets has been consistent. A ratio of 0.40 to 0.42 suggests that the company finances a significant portion of its assets through debt, with debt accounting for around 40% to 42% of its total assets each quarter. Overall, the consistency in the debt-to-assets ratio indicates that Public Service Enterprise Group Inc. has maintained a steady balance between debt and assets in its capital structure.