Sempra Energy (SRE)
Debt-to-capital ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | 31,224,000 | 29,704,000 | 29,125,000 | 27,716,000 | 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 | 31,222,000 | 29,703,000 | 29,479,000 | 29,135,000 | 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 |
| Debt-to-capital ratio | 0.00 | 0.51 | 0.50 | 0.50 | 0.49 | 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 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $31,222,000K)
= 0.00
The debt-to-capital ratio for Sempra Energy has been relatively stable at 0.00 for most of the periods from March 2020 to June 2024. This indicates that the company had little to no debt relative to its total capital during those periods. However, there was a significant increase in the ratio in the fourth quarter of 2021, reaching 0.44, and then gradually increasing to around 0.50 by the second quarter of 2024.
This rise in the debt-to-capital ratio suggests that Sempra Energy has taken on more debt compared to its capital base, which could signal increased leverage and financial risk. It is important to monitor this ratio in future periods to assess the company's ability to manage its debt levels effectively and maintain a healthy balance sheet.
Peer comparison
Dec 31, 2024