Public Service Enterprise Group Inc (PEG)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	14,711,000	16,095,000	15,718,000	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
Debt-to-capital ratio		0.56	0.54	0.54	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

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $18,964,000K ÷ ($18,964,000K + $14,711,000K)
= 0.56

The debt-to-capital ratio for Public Service Enterprise Group Inc has shown some fluctuations over the specified periods, ranging from 0.47 to 0.57. The ratio indicates the proportion of the company's capital that is financed through debt. From December 31, 2019, to December 31, 2024, the debt-to-capital ratio has generally increased, peaking at 0.57 by the end of December 2022. This suggests that the company has been relying more on debt to finance its operations and investments during this period. However, there was a slight decrease in the ratio by the end of December 2024 to 0.56, indicating a potential shift in the company's capital structure. Overall, monitoring the trend of this ratio can provide insights into the company's leverage and financial risk management strategies.