Public Service Enterprise Group Inc (PEG)
Debt-to-equity 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-equity ratio | 1.29 | 1.18 | 1.19 | 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 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $18,964,000K ÷ $14,711,000K
= 1.29
Public Service Enterprise Group Inc's debt-to-equity ratio has shown fluctuations over the period from December 31, 2019, to December 31, 2024. The ratio started at 0.96 in December 2019, indicating that the company had almost an equal amount of debt and equity. From there, the ratio decreased to 0.88 by June 30, 2020, suggesting a lower reliance on debt compared to equity.
However, the ratio started to increase again, reaching a peak of 1.34 by December 31, 2022, which implies a higher proportion of debt in the capital structure compared to equity. Subsequently, the ratio decreased to 1.09 by June 30, 2023, before gradually increasing again to 1.29 by December 31, 2024.
These fluctuations in the debt-to-equity ratio indicate changes in the company's capital structure and its ability to cover debt obligations with equity. An increasing ratio may suggest higher financial risk as the company relies more on debt financing. Conversely, a decreasing ratio may indicate a stronger financial position with more equity financing. It is important to analyze the trend over time to assess the company's financial leverage and risk management strategies.
Peer comparison
Dec 31, 2024