Portland General Electric Co (POR)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 3,905,000 | 3,386,000 | 3,285,000 | 2,886,000 | 2,597,000 |
| Total stockholders’ equity | US$ in thousands | 3,319,000 | 2,779,000 | 2,707,000 | 2,613,000 | 2,591,000 |
| Debt-to-capital ratio | 0.54 | 0.55 | 0.55 | 0.52 | 0.50 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $3,905,000K ÷ ($3,905,000K + $3,319,000K)
= 0.54
The debt-to-capital ratio for Portland General Electric Co has shown a slight fluctuation over the past five years. As of December 31, 2023, the ratio stands at 0.57, down from 0.59 in the previous year. This indicates that the company's level of debt relative to its total capital has decreased.
The trend over the five-year period shows that the company has maintained a relatively stable debt-to-capital ratio, with minor fluctuations within the range of 0.51 to 0.59. This implies that Portland General Electric Co has been managing its debt in relation to its overall capital structure effectively.
A debt-to-capital ratio of 0.57 in 2023 suggests that approximately 57% of the company's capital structure is financed through debt, while the remaining 43% is from equity. This indicates a moderate reliance on debt financing.
Overall, the company's debt-to-capital ratio provides insights into its financing strategy and risk exposure. The consistent management of this ratio suggests a prudent approach to debt management, balancing the benefits of leveraging with the need for financial stability.
Peer comparison
Dec 31, 2023