TXNM Energy, Inc. (TXNM)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,547,910 | 2,360,620 | 2,203,460 | 2,179,050 | 2,060,990 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,547,910K)
= 0.00
TXNM Energy, Inc. has consistently maintained a debt-to-capital ratio of 0.00% from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt as a significant source of financing compared to its capital structure during this period. A debt-to-capital ratio of 0.00% suggests that the company's capital structure is predominantly equity-funded rather than debt-funded. This can be viewed positively in terms of financial risk as lower debt levels typically imply lower interest expenses and reduced financial leverage. TXNM Energy, Inc.'s stable debt-to-capital ratio over the years indicates a conservative financial strategy with minimal reliance on debt financing.
Peer comparison
Dec 31, 2024