Portland General Electric Co (POR)

Solvency ratios

	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
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
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
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
Financial leverage ratio	3.38	3.22	3.24	3.26	3.76	3.57	3.57	3.59	3.51	3.57	3.42	3.39	3.47	3.42	3.33	3.21	3.24	3.18	3.15	3.12

The solvency ratios of Portland General Electric Co provide insights into the company's ability to meet its financial obligations and manage its debt levels effectively. Looking at the trends over the past year, we observe the following:

1. Debt-to-assets ratio has been relatively stable around 0.38 to 0.40 indicating that the company relies on debt to finance around 38% to 40% of its total assets.

2. Debt-to-capital ratio has shown some fluctuations, but generally hovers around 0.55 to 0.59, suggesting that debt comprises approximately 55% to 59% of the company's total capital structure.

3. Debt-to-equity ratio has displayed a decreasing trend from 1.42 in Q4 2022 to 1.24 in Q3 2023, indicating that the company has been reducing its reliance on debt in relation to equity over time.

4. Financial leverage ratio has also decreased from 3.76 in Q4 2022 to 3.22 in Q3 2023, signaling a decline in the company's leverage and financial risk.

Overall, the solvency ratios of Portland General Electric Co indicate that the company has been managing its debt levels effectively and improving its financial leverage position over the past year. This suggests a stronger financial position and better capacity to meet its debt obligations in the foreseeable future.

Coverage ratios

	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
Interest coverage	2.29	2.20	2.28	2.52	2.54	2.70	2.75	2.49	2.76	2.67	1.90	1.96	1.98	2.11	2.95	2.91	2.76	2.63	2.67	2.88

The interest coverage ratio for Portland General Electric Co has shown stability over the past eight quarters, ranging from 2.20 to 2.75. This indicates the company's ability to meet its interest payments from its operating income. The ratio has generally been above 2, suggesting that the company generates sufficient earnings to cover its interest expenses comfortably. However, there was a slight dip in the ratio in Q3 2023 to 2.20, which could be worth monitoring in future periods to ensure the company maintains adequate coverage of its interest obligations. Overall, the trend in Portland General Electric Co's interest coverage ratio reflects a relatively healthy financial position in relation to its interest-bearing obligations.