Portland General Electric Co (POR)
Debt-to-assets 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 | 3,905,000 | 3,786,000 | 3,486,000 | 3,485,000 | 3,386,000 | 3,286,000 | 3,286,000 | 3,286,000 | 3,285,000 | 3,285,000 | 2,887,000 | 2,886,000 | 2,886,000 | 2,657,000 | 2,676,000 | 2,478,000 | 2,597,000 | 2,328,000 | 2,377,000 | 2,178,000 |
| Total assets | US$ in thousands | 11,208,000 | 10,603,000 | 10,370,000 | 10,151,000 | 10,459,000 | 9,849,000 | 9,783,000 | 9,723,000 | 9,494,000 | 9,542,000 | 9,099,000 | 9,069,000 | 9,069,000 | 8,869,000 | 8,805,000 | 8,470,000 | 8,394,000 | 8,154,000 | 7,997,000 | 7,948,000 |
| Debt-to-assets ratio | 0.35 | 0.36 | 0.34 | 0.34 | 0.32 | 0.33 | 0.34 | 0.34 | 0.35 | 0.34 | 0.32 | 0.32 | 0.32 | 0.30 | 0.30 | 0.29 | 0.31 | 0.29 | 0.30 | 0.27 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,905,000K ÷ $11,208,000K
= 0.35
The debt-to-assets ratio of Portland General Electric Co has remained relatively stable over the past eight quarters, fluctuating between 0.37 and 0.40. The ratio indicates that, on average, the company finances 37-40% of its assets through debt, with the rest being funded by equity. A ratio of 0.40 in Q4 2023 suggests that the company's debt levels have increased slightly compared to the previous quarters, but overall, the company has maintained a moderate level of leverage. It is important to monitor this ratio over time to assess the company's capital structure and financial risk.
Peer comparison
Dec 31, 2023