TXNM Energy, Inc. (TXNM)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,547,910K
= 0.00
TXNM Energy, Inc.'s debt-to-equity ratio has been consistently at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its operations compared to shareholders' equity during these years. A debt-to-equity ratio of 0.00 suggests that the company is not relying on borrowed funds and may be using primarily equity financing to support its business activities. This can be seen as a positive sign, as a lower debt-to-equity ratio usually indicates lower financial risk and greater financial stability for the company.
Peer comparison
Dec 31, 2024