Sempra Energy (SRE)
Debt-to-equity 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-equity ratio | 0.00 | 1.05 | 1.01 | 1.00 | 0.97 | 0.98 | 0.99 | 0.92 | 0.90 | 0.88 | 0.89 | 0.91 | 0.77 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 been relatively stable at low levels throughout the provided period, indicating a conservative capital structure. The ratio remained at 0.00 from March 2020 to December 2020, suggesting that the company had minimal debt in relation to its equity during that time.
Starting from December 2021, the debt-to-equity ratio began to gradually increase, reaching a peak of 1.05 as of September 30, 2024. This increase may indicate that Sempra Energy has taken on more debt compared to its equity, potentially to fund expansion projects or acquisitions.
However, it is noteworthy that the ratio decreased again to 0.00 by December 31, 2024, which could imply that the company may have reduced its debt levels or increased its equity position through various financial activities.
Overall, while the debt-to-equity ratio of Sempra Energy showed some fluctuations, it remains within a reasonable range, indicating a balanced approach to financing and leveraging its operations.
Peer comparison
Dec 31, 2024