Sempra Energy (SRE)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 31,222,000 | 28,675,000 | 27,115,000 | 25,981,000 | 23,373,000 |
| Debt-to-equity ratio | 0.00 | 0.97 | 0.90 | 0.77 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $31,222,000K
= 0.00
The debt-to-equity ratio of Sempra Energy has shown a significant increase over the years, from 0.00 in December 31, 2020, to 0.77 in December 31, 2021, 0.90 in December 31, 2022, and further to 0.97 in December 31, 2023. This indicates a higher reliance on debt financing compared to equity. However, the ratio dropped back to 0.00 in December 31, 2024, suggesting a potential shift in the company's capital structure or debt repayment. It is important to further investigate the reasons behind these fluctuations to assess the company's financial leverage and risk profile accurately.
Peer comparison
Dec 31, 2024