TXNM Energy, Inc. (TXNM)
Debt-to-assets 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 | — | — | — | — | — | — | — | — | — | 3,893,500 | 3,573,090 | 3,620,040 | 3,519,580 | 3,395,980 | 3,186,050 | 2,205,130 | 2,719,630 | 2,509,750 | 2,437,250 | 2,468,720 |
| Total assets | US$ in thousands | 11,211,700 | 10,843,500 | 10,583,400 | 10,257,700 | 10,252,600 | 10,050,800 | 9,626,970 | 9,353,140 | 9,625,570 | 9,028,890 | 8,911,100 | 8,727,690 | 8,666,880 | 8,256,070 | 8,120,470 | 7,943,310 | 7,939,850 | 7,742,110 | 7,574,470 | 7,375,120 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.43 | 0.40 | 0.41 | 0.41 | 0.41 | 0.39 | 0.28 | 0.34 | 0.32 | 0.32 | 0.33 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $11,211,700K
= 0.00
TXNM Energy, Inc.'s debt-to-assets ratio has shown fluctuations over the years. It decreased from 0.33 as of March 31, 2020, to 0.28 as of March 31, 2021, indicating a reduction in the proportion of debt relative to total assets. However, the ratio increased to 0.43 by September 30, 2022, reflecting a higher reliance on debt financing. Surprisingly, the ratio dropped to 0.00 as of December 31, 2022, and remained at this level throughout 2023 and 2024, suggesting either a significant reduction in debt or a substantial increase in assets during this period. This abrupt change warrants closer examination to understand its implications on the company's financial structure and future prospects.
Peer comparison
Dec 31, 2024