Sempra Energy (SRE)
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 | — | 27,657,000 | 27,419,000 | 25,386,000 | 24,513,000 | 23,790,000 | 23,924,000 | 23,678,000 | 20,099,000 | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 87,181,000 | 85,735,000 | 82,727,000 | 80,549,000 | 78,574,000 | 75,563,000 | 75,582,000 | 74,922,000 | 72,045,000 | 70,472,000 | 68,608,000 | 67,821,000 | 66,623,000 | 67,222,000 | 68,385,000 | 68,293,000 | 65,665,000 | 64,585,000 | 62,727,000 | 61,618,000 |
| Debt-to-assets ratio | 0.00 | 0.32 | 0.33 | 0.32 | 0.31 | 0.31 | 0.32 | 0.32 | 0.28 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 been relatively stable over the past eight quarters, fluctuating within a narrow range. The ratio has ranged from 0.34 to 0.37 during this period, indicating that, on average, approximately 34% to 37% of Sempra's assets are financed by debt.
A ratio of 0.36 in Q4 2023 suggests that 36% of Sempra's assets are funded by debt, which is consistent with the ratios observed in the previous quarters. This indicates that Sempra maintains a balanced capital structure with a moderate level of leverage, where a significant portion of assets is financed through a combination of debt and equity.
Overall, the stability of the debt-to-assets ratio implies that Sempra has been managing its debt levels in relation to its asset base consistently. It is crucial to monitor this ratio over time to ensure that the company maintains a sustainable and healthy capital structure while meeting its financial obligations.
Peer comparison
Dec 31, 2023