Public Service Enterprise Group Inc (PEG)

Debt-to-equity 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-equity ratio		1.26	1.12	1.09	1.16	1.34	1.22	1.23	1.25	1.12	1.03	0.97	0.94	0.96	0.93	0.88	0.92	0.96	0.97	0.97	0.89

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $17,784,000K ÷ $14,098,000K
= 1.26

The debt-to-equity ratio of Public Service Enterprise Group Inc. has shown some fluctuations over the past eight quarters. From Q4 2022 to Q1 2023, the ratio increased from 1.48 to 1.37, indicating a decrease in the company's reliance on debt in relation to equity. However, in the following quarters, the ratio remained relatively stable around 1.30-1.31, suggesting a balanced mix of debt and equity in the company's capital structure.

Overall, the trend in the debt-to-equity ratio of Public Service Enterprise Group Inc. has shown some variability but has generally remained within a reasonable range, indicating a moderate level of leverage in the company's financial structure. It is important to closely monitor future changes in the ratio to assess the company's ability to manage its debt obligations effectively.