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.