PPL Corporation (PPL)
Debt-to-assets 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 | 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 | 20,721,000 | 21,547,000 | 20,965,000 | 21,114,000 |
Total assets | US$ in thousands | 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 | 45,680,000 | 44,559,000 | 44,204,000 | 44,567,000 |
Debt-to-assets ratio | 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 | 0.45 | 0.48 | 0.47 | 0.47 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $14,611,000K ÷ $39,236,000K
= 0.37
The debt-to-assets ratio of PPL Corp has shown relative stability over the past eight quarters, ranging from 0.36 to 0.40. This ratio indicates that, on average, 38% of the company's total assets are financed by debt.
A debt-to-assets ratio of 0.38, as observed in Q4 2023, suggests that a moderate portion of PPL Corp's assets are funded by debt, indicating a reasonable balance between leveraging and equity financing. The consistent nature of the ratio over the quarters indicates a steady approach to capital structure management.
Overall, the debt-to-assets ratio of PPL Corp remains at a level that seems to be within a comfortable range, allowing the company to efficiently utilize debt as a source of funding while maintaining a healthy proportion of assets financed by equity.
Peer comparison
Dec 31, 2023