Portland General Electric Co (POR)
Debt-to-equity 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-equity ratio | 1.18 | 1.15 | 1.09 | 1.12 | 1.22 | 1.19 | 1.20 | 1.21 | 1.21 | 1.23 | 1.08 | 1.08 | 1.10 | 1.02 | 1.01 | 0.94 | 1.00 | 0.91 | 0.94 | 0.85 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $3,905,000K ÷ $3,319,000K
= 1.18
The debt-to-equity ratio for Portland General Electric Co has shown some fluctuations over the past eight quarters. The company's debt-to-equity ratio was relatively high at 1.42 in Q4 2022 but has since been decreasing gradually to 1.24 in Q4 2023. This indicates that the company has been reducing its reliance on debt financing compared to equity over the quarters.
A higher debt-to-equity ratio suggests that the company is financing a larger portion of its operations through debt, which can indicate higher financial risk. Conversely, a lower ratio implies the company has more equity financing, potentially indicating a stronger financial position.
The downward trend in the debt-to-equity ratio for Portland General Electric Co may suggest a more conservative approach to capital structure management or improved operational performance leading to increased equity investments. It is important to continue monitoring this ratio over time to assess the company's financial stability and risk management strategies.
Peer comparison
Dec 31, 2023