Vistra Energy Corp (VST)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $5,307,000K
= 0.00
The trend of Vistra Corp's debt-to-equity ratio over the past eight quarters indicates a fluctuating pattern. The ratio has ranged from a low of 1.45 in Q1 2022 to a high of 2.71 in Q4 2023.
In Q1 and Q3 2022, the ratio was below 2, indicating a lower level of debt relative to equity. However, in the following quarters, the ratio increased, peaking at 2.71 in Q4 2023, pointing to a higher reliance on debt to finance the company's operations and investments.
It is important to monitor this ratio closely as a high debt-to-equity ratio can indicate higher financial risk and potential difficulties in meeting debt obligations. Furthermore, changes in the ratio may reflect shifts in the company's financing strategy or operational performance.
Peer comparison
Dec 31, 2023