Sempra Energy (SRE)
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 | — | 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 stockholders’ equity | US$ in thousands | 28,675,000 | 28,238,000 | 27,836,000 | 27,667,000 | 27,115,000 | 27,030,000 | 26,841,000 | 26,114,000 | 25,981,000 | 24,554,000 | 25,451,000 | 23,999,000 | 23,373,000 | 23,228,000 | 23,606,000 | 20,117,000 | 19,929,000 | 18,620,000 | 17,440,000 | 17,346,000 |
| Debt-to-capital ratio | 0.00 | 0.49 | 0.50 | 0.48 | 0.47 | 0.47 | 0.47 | 0.48 | 0.44 | 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $28,675,000K)
= 0.00
The debt-to-capital ratio of Sempra has been relatively stable over the past eight quarters, fluctuating in a narrow range from 0.49 to 0.53. This indicates that the company's capital structure has remained consistent, with a moderate level of debt in relation to its total capital. A ratio around 0.50 to 0.52 suggests that Sempra relies on a mix of debt and equity to finance its operations and investments. Overall, the consistent debt-to-capital ratio reflects a balanced approach to leveraging and underscores the company's financial stability and management of capital structure.
Peer comparison
Dec 31, 2023