Vistra Energy Corp (VST)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 32,966,000 | 31,945,000 | 30,472,000 | 31,117,000 | 32,787,000 | 35,175,000 | 37,468,000 | 32,833,000 | 29,683,000 | 29,932,000 | 27,015,000 | 25,886,000 | 25,208,000 | 25,499,000 | 26,307,000 | 26,669,000 | 26,616,000 | 26,443,000 | 26,520,000 | 25,568,000 |
| 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 |
| Financial leverage ratio | 6.21 | 5.80 | 5.69 | 5.98 | 6.69 | 6.30 | 6.95 | 4.50 | 3.58 | 4.96 | 4.45 | 4.24 | 3.01 | 3.02 | 3.27 | 3.36 | 3.34 | 3.39 | 3.36 | 3.28 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $32,966,000K ÷ $5,307,000K
= 6.21
The financial leverage ratio measures the extent to which a company relies on debt financing to fund its operations and growth. A higher financial leverage ratio indicates a larger proportion of debt used in the company's capital structure.
Based on the historical data provided for Vistra Corp, we observe fluctuations in the financial leverage ratio over the quarters. In Q1 2022, the ratio was at 4.50, indicating a relatively lower reliance on debt financing. However, in subsequent quarters, the ratio increased, reaching a peak of 6.95 in Q2 2022, suggesting a higher level of debt in the capital structure during that period.
In the most recent quarter, Q4 2023, the financial leverage ratio decreased to 6.21. While still relatively high compared to Q1 2022, this decrease may indicate a potential shift towards a more balanced capital structure with reduced reliance on debt financing.
Overall, the trend in Vistra Corp's financial leverage ratio suggests fluctuations in the company's capital structure and debt utilization over the quarters. It would be crucial to monitor future changes in the ratio to assess the company's financial risk and stability.
Peer comparison
Dec 31, 2023