PPL Corporation (PPL)
Debt-to-equity ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 15,952,000 | 14,611,000 | 12,889,000 | 10,666,000 | 13,615,000 |
| Total stockholders’ equity | US$ in thousands | 14,077,000 | 13,933,000 | 13,915,000 | 13,723,000 | 13,373,000 |
| Debt-to-equity ratio | 1.13 | 1.05 | 0.93 | 0.78 | 1.02 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $15,952,000K ÷ $14,077,000K
= 1.13
The debt-to-equity ratio of PPL Corporation has fluctuated over the past five years. As of December 31, 2020, the ratio stood at 1.02, indicating that the company had slightly more debt than equity. However, by December 31, 2021, the ratio decreased to 0.78, signaling a lower level of debt relative to equity.
In the subsequent years, there were fluctuations in the ratio. By December 31, 2022, the ratio had increased to 0.93, suggesting a slight increase in debt relative to equity. However, by December 31, 2023, the ratio rose further to 1.05, surpassing the 1.00 threshold and indicating that the company had more debt than equity.
As of the most recent data available, as of December 31, 2024, the debt-to-equity ratio increased to 1.13, continuing the trend of higher debt levels compared to equity. This indicates that PPL Corporation may have taken on more debt relative to its equity position in that year.
Overall, the trend in the debt-to-equity ratio of PPL Corporation shows variability over the five-year period, with fluctuations indicating changes in the company's capital structure and financial leverage.
Peer comparison
Dec 31, 2024