PPL Corporation (PPL)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 13,933,000 | 14,012,000 | 13,959,000 | 14,033,000 | 13,915,000 | 13,881,000 | 13,870,000 | 13,865,000 | 13,723,000 | 14,576,000 | 14,952,000 | 11,554,000 | 13,373,000 | 13,686,000 | 13,044,000 | 13,241,000 | 12,991,000 | 11,902,000 | 11,983,000 | 12,172,000 |
Debt-to-capital ratio | 0.51 | 0.51 | 0.51 | 0.51 | 0.48 | 0.48 | 0.47 | 0.43 | 0.44 | 0.42 | 0.43 | 0.54 | 0.50 | 0.61 | 0.62 | 0.61 | 0.61 | 0.64 | 0.64 | 0.63 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $14,611,000K ÷ ($14,611,000K + $13,933,000K)
= 0.51
The debt-to-capital ratio of PPL Corp has been relatively stable over the past eight quarters, ranging from 0.47 to 0.53. This ratio represents the proportion of the company's total debt to its total capital, including both debt and equity.
With a debt-to-capital ratio consistently above 0.50, PPL Corp has had a higher reliance on debt financing compared to equity financing. This indicates that the company carries a significant amount of debt relative to its total capital structure.
Overall, a stable debt-to-capital ratio may suggest that PPL Corp has been managing its debt levels effectively and maintaining a consistent capital structure. However, investors and creditors should continue to monitor this ratio to ensure that the company's debt levels remain sustainable and in line with its overall financial health and risk tolerance.
Peer comparison
Dec 31, 2023