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.