Sempra Energy (SRE)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 96,155,000 | 93,748,000 | 90,473,000 | 89,604,000 | 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 |
| 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 |
| Financial leverage ratio | 3.08 | 3.16 | 3.07 | 3.08 | 3.04 | 3.04 | 2.97 | 2.91 | 2.90 | 2.80 | 2.82 | 2.87 | 2.77 | 2.87 | 2.70 | 2.83 | 2.85 | 2.89 | 2.90 | 3.39 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $96,155,000K ÷ $31,222,000K
= 3.08
The financial leverage ratio of Sempra Energy has shown a fluctuating trend over the periods provided. The ratio decreased from 3.39 as of March 31, 2020, to 2.70 as of June 30, 2021, indicating a reduction in the company's reliance on debt to finance its operations. Subsequently, the ratio increased to 3.16 as of September 30, 2024, before slightly dropping to 3.08 by the end of December 31, 2024.
Overall, the trend suggests that Sempra Energy's financial leverage has been moderate, with the ratio hovering around 2.70 to 3.16 over the analyzed periods. Investors and analysts may interpret the increasing ratio towards the end of the period as a sign of potentially higher financial risk and leverage in the company's capital structure. It would be important to monitor this ratio in conjunction with other financial metrics to assess the company's overall financial health and risk profile.
Peer comparison
Dec 31, 2024