Public Service Enterprise Group Inc (PEG)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 14,098,000 | 15,166,000 | 15,053,000 | 14,726,000 | 12,352,000 | 13,251,000 | 13,428,000 | 13,598,000 | 13,542,000 | 14,069,000 | 15,878,000 | 16,277,000 | 15,123,000 | 15,836,000 | 15,491,000 | 15,249,000 | 14,258,000 | 14,925,000 | 14,754,000 | 14,814,000 |
Debt-to-capital ratio | 0.56 | 0.53 | 0.52 | 0.54 | 0.57 | 0.55 | 0.55 | 0.56 | 0.53 | 0.51 | 0.49 | 0.49 | 0.49 | 0.48 | 0.47 | 0.48 | 0.49 | 0.49 | 0.49 | 0.47 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $17,784,000K ÷ ($17,784,000K + $14,098,000K)
= 0.56
The debt-to-capital ratio of Public Service Enterprise Group Inc. has shown stability over the past eight quarters, ranging between 0.57 and 0.61. The company's ability to maintain a consistent ratio indicates a balanced capital structure and effective management of debt levels in relation to total capital.
In the most recent quarter, Q4 2023, the debt-to-capital ratio remained steady at 0.57, which suggests that the company's debt level is 57% of its total capital. This indicates that a significant portion of the company's capital structure is funded by debt, while the remaining percentage represents equity financing.
Comparing this to the previous quarters, there was a slight decrease from Q1 2023 (0.58) to Q4 2023 (0.57), showcasing a potential improvement in the company's debt management strategies. Additionally, when looking back to Q4 2022, where the ratio was at its highest at 0.60, it demonstrates a positive trend of decreasing debt reliance over time.
Overall, with a consistently moderate debt-to-capital ratio, Public Service Enterprise Group Inc. appears to have a balanced approach to leveraging debt as part of its capital structure without being excessively reliant on it.
Peer comparison
Dec 31, 2023