Sempra Energy (SRE)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | 24,513,000 | 20,099,000 | — | — |
| Total assets | US$ in thousands | 87,181,000 | 78,574,000 | 72,045,000 | 66,623,000 | 65,665,000 |
| Debt-to-assets ratio | 0.00 | 0.31 | 0.28 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $87,181,000K
= 0.00
The debt-to-assets ratio of Sempra has ranged from 0.34 to 0.39 over the past five years, indicating that the company's level of debt relative to its total assets has remained relatively stable. A lower ratio suggests that Sempra relies less on debt financing and has a stronger financial position, while a higher ratio may indicate higher financial risk due to a greater reliance on debt. In this case, the ratio hovering around 0.36 implies a moderate level of debt compared to assets, which could indicate a balanced approach to financing operations. Overall, a consistent debt-to-assets ratio for Sempra suggests a level of stability in its financial structure over the years.
Peer comparison
Dec 31, 2023