Sempra Energy (SRE)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | 27,716,000 | 24,513,000 | 20,099,000 | — |
| Total assets | US$ in thousands | 96,155,000 | 87,181,000 | 78,574,000 | 72,045,000 | 66,623,000 |
| Debt-to-assets ratio | 0.00 | 0.32 | 0.31 | 0.28 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $96,155,000K
= 0.00
The debt-to-assets ratio of Sempra Energy has shown variability over the years based on the data provided. As of December 31, 2020, the company had a debt-to-assets ratio of 0.00, indicating that it had no debt in relation to its total assets. However, this ratio increased to 0.28 as of December 31, 2021, suggesting that the company started to utilize debt to finance its operations and investments.
The trend continued with the debt-to-assets ratio rising to 0.31 by December 31, 2022, and further to 0.32 by December 31, 2023. These increases indicate that Sempra Energy was taking on more debt relative to its total assets during these years. By December 31, 2024, the debt-to-assets ratio returned to 0.00, potentially indicating a shift in the company's financing strategy or a reduction in debt levels.
Overall, the fluctuation in the debt-to-assets ratio suggests that Sempra Energy has been actively managing its capital structure, balancing the use of debt and equity to support its business activities and growth initiatives. It is important to consider additional financial metrics and factors to gain a comprehensive understanding of the company's financial health and operational efficiency.
Peer comparison
Dec 31, 2024