TXNM Energy, Inc. (TXNM)

Debt-to-equity 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-equity ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.77 1.68 1.71 1.62 1.58 1.53 1.09 1.33 1.42 1.44 1.52

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 fluctuated over the years, starting at 1.52 as of March 31, 2020, decreasing to a low of 1.09 as of March 31, 2021, before rising again to 1.77 as of September 30, 2022. The company then significantly reduced its debt and reached a debt-to-equity ratio of 0.00 as of December 31, 2022, which was maintained throughout the following years up to December 31, 2024. This indicates that TXNM Energy, Inc. no longer had any debt relative to its equity, suggesting a strong financial position in terms of leverage. Overall, the trend in the debt-to-equity ratio shows a strategic move towards deleveraging and reducing financial risk over the period analyzed.