TXNM Energy, Inc. (TXNM)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 11,211,700 | 10,252,600 | 9,257,380 | 8,666,880 | 7,939,850 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $11,211,700K
= 0.00
Based on the provided data, TXNM Energy, Inc. has consistently maintained a debt-to-assets ratio of 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company does not have any long-term debt on its balance sheet during these periods. A debt-to-assets ratio of 0.00 implies that the company's total assets are fully financed by its equity and not by debt. This can be viewed positively as it signifies a lower financial risk and less reliance on external borrowing for operations or expansion. However, it's essential to note that a very low or zero debt-to-assets ratio may also suggest missed opportunities for leveraging debt for potential growth or tax advantages.
Peer comparison
Dec 31, 2024