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