Vistra Energy Corp (VST)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 5,307,000 | 4,902,000 | 8,291,000 | 8,371,000 | 7,959,000 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $5,307,000K
= 0.00
The debt-to-equity ratio of Vistra Corp has increased steadily over the past five years, reaching 2.71 in 2023 from 1.36 in 2019. This indicates a significant shift towards a more debt-heavy capital structure relative to equity. The ratio surpassed 2 in 2022 and continued to rise in the following years, signaling a growing reliance on debt financing compared to equity. This trend suggests that the company may be taking on more debt to fund its operations or investments, potentially increasing financial risk and interest expense. It is essential for investors and stakeholders to monitor this metric closely to assess Vistra Corp's ability to manage its debt levels effectively and maintain financial stability.
Peer comparison
Dec 31, 2023