PPL Corporation (PPL)

Debt-to-assets ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Long-term debt	US$ in thousands	15,952,000	16,499,000	15,756,000	15,753,000	14,611,000	14,484,000	14,481,000	14,481,000	12,889,000	12,977,000	12,153,000	10,668,000	10,666,000	10,665,000	11,095,000	13,715,000	13,615,000	21,243,000	21,098,000	20,670,000
Total assets	US$ in thousands	41,069,000	40,472,000	39,839,000	39,631,000	39,236,000	38,629,000	38,296,000	38,302,000	37,837,000	37,378,000	37,062,000	34,107,000	33,223,000	34,171,000	36,759,000	47,781,000	48,116,000	47,924,000	46,520,000	46,328,000
Debt-to-assets ratio		0.39	0.41	0.40	0.40	0.37	0.37	0.38	0.38	0.34	0.35	0.33	0.31	0.32	0.31	0.30	0.29	0.28	0.44	0.45	0.45

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $15,952,000K ÷ $41,069,000K
= 0.39

The debt-to-assets ratio of PPL Corporation has shown a general increasing trend from March 2020 to December 2024. The ratio has fluctuated within a range of 0.28 to 0.45 during this period.

In the most recent period, the debt-to-assets ratio was 0.39 as of December 31, 2024, indicating that the company financed 39% of its assets through debt. This suggests that PPL Corporation relies more on debt financing compared to equity financing for its operations and investments.

It is important to note that changes in the debt-to-assets ratio can be influenced by various factors, including changes in the company's borrowing levels, asset base, and overall financial structure. Monitoring this ratio over time can provide insights into the company's financial leverage and risk profile.