TXNM Energy, Inc. (TXNM)

Debt-to-capital 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 stockholders’ equity US$ in thousands 2,547,910 2,471,510 2,414,280 2,367,260 2,360,620 2,246,740 2,273,770 2,223,720 2,203,460 2,201,880 2,131,520 2,115,530 2,167,520 2,144,950 2,088,230 2,030,970 2,049,460 1,773,320 1,696,500 1,627,220
Debt-to-capital ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.64 0.63 0.63 0.62 0.61 0.60 0.52 0.57 0.59 0.59 0.60

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.'s debt-to-capital ratio has shown a consistent trend of decrease from March 31, 2020, to June 30, 2021. However, starting from March 31, 2022, the ratio started to increase steadily. The ratio peaked at 0.64 on September 30, 2022. Surprisingly, it dropped to 0.00 from December 31, 2022, and remained at this level until the end of 2024. This sudden decline to 0.00 indicates that the company may have significantly reduced or eliminated its debt, resulting in a substantially lower debt-to-capital ratio. This could imply a positive financial position for TXNM Energy, Inc., potentially leading to lower financial risk and higher investor confidence.