Vistra Energy Corp (VST)
Debt-to-capital ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 5,307,000 | 5,506,000 | 5,359,000 | 5,201,000 | 4,902,000 | 5,582,000 | 5,392,000 | 7,300,000 | 8,291,000 | 6,036,000 | 6,076,000 | 6,100,000 | 8,371,000 | 8,444,000 | 8,056,000 | 7,936,000 | 7,959,000 | 7,792,000 | 7,904,000 | 7,804,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $5,307,000K)
= 0.00
The debt-to-capital ratio of Vistra Corp has shown some fluctuations over the past eight quarters. It ranged from 0.59 to 0.73 during this period. The ratio indicates the proportion of the company's capital that is financed by debt, with values closer to 1 implying a higher dependence on debt financing.
The trend for Vistra Corp's debt-to-capital ratio shows some variability, with the ratio peaking at 0.73 in Q4 2023 and reaching its lowest point at 0.59 in Q1 2022. Overall, the company's capital structure has been moderately leveraged, as the ratios have mostly hovered around the 0.70 mark.
It is essential for stakeholders to monitor this ratio closely, as significant changes could indicate shifts in the company's financial risk and leverage levels. Further analysis in conjunction with other financial metrics would provide a more comprehensive understanding of Vistra Corp's financial health and financing strategies.
Peer comparison
Dec 31, 2023