Public Service Enterprise Group Inc (PEG)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 54,640,000 | 54,080,000 | 52,388,000 | 50,741,000 | 49,552,000 | 49,505,000 | 49,409,000 | 48,718,000 | 47,741,000 | 49,608,000 | 47,774,000 | 48,999,000 | 49,426,000 | 49,292,000 | 50,206,000 | 50,050,000 | 49,576,000 | 48,780,000 | 48,365,000 | 47,730,000 |
| 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 |
| Financial leverage ratio | 3.71 | 3.36 | 3.33 | 3.60 | 3.27 | 3.29 | 3.36 | 3.94 | 3.60 | 3.69 | 3.51 | 3.62 | 3.51 | 3.10 | 3.08 | 3.31 | 3.13 | 3.15 | 3.17 | 3.35 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $54,640,000K ÷ $14,711,000K
= 3.71
The financial leverage ratio of Public Service Enterprise Group Inc has fluctuated over the past few years, ranging from a low of 3.08 in March 2021 to a high of 3.94 in December 2022. The ratio indicates that the company has been using debt as a source of financing relative to its equity.
It peaked at 3.94 in December 2022, suggesting that the company had a higher level of debt compared to equity at that time. However, the ratio decreased to 3.29 in June 2023, indicating a slight improvement in the company's leverage position.
Overall, the trend shows some variability in the financial leverage ratio, which may reflect changing capital structure decisions and financing activities by Public Service Enterprise Group Inc. Investors and creditors may monitor these changes to assess the company's risk and financial stability.
Peer comparison
Dec 31, 2024