Portland General Electric Co (POR)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 3,319,000 | 3,295,000 | 3,200,000 | 3,112,000 | 2,779,000 | 2,760,000 | 2,738,000 | 2,709,000 | 2,707,000 | 2,675,000 | 2,661,000 | 2,675,000 | 2,613,000 | 2,595,000 | 2,646,000 | 2,638,000 | 2,591,000 | 2,564,000 | 2,542,000 | 2,548,000 |
Debt-to-capital ratio | 0.54 | 0.53 | 0.52 | 0.53 | 0.55 | 0.54 | 0.55 | 0.55 | 0.55 | 0.55 | 0.52 | 0.52 | 0.52 | 0.51 | 0.50 | 0.48 | 0.50 | 0.48 | 0.48 | 0.46 |
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 of Portland General Electric Co has been relatively stable over the past eight quarters, ranging between 0.55 and 0.59. This ratio indicates the proportion of the company's capital structure that is financed through debt. A decreasing trend in the ratio could suggest a decreasing reliance on debt financing, while an increasing trend may indicate a higher level of leverage.
With the ratio remaining around 0.55 to 0.59, it appears that Portland General Electric Co has maintained a moderate level of debt relative to its total capital structure during the period under review. It is essential to consider the company's overall financial strategy, risk tolerance, and market conditions when evaluating the implications of its debt-to-capital ratio.
Peer comparison
Dec 31, 2023