WEC Energy Group Inc (WEC)

Debt-to-assets ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Long-term debt US$ in thousands — — — — —
Total assets US$ in thousands 47,363,200 43,939,700 41,872,100 38,988,500 37,028,100
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.00

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $47,363,200K
= 0.00

Based on the data provided, WEC Energy Group Inc has consistently maintained a debt-to-assets ratio of 0.00 from December 31, 2020, to December 31, 2024. A debt-to-assets ratio of 0.00 indicates that the company has no debt in relation to its total assets during this period. This signifies a strong financial position, as the company's assets are entirely financed by equity rather than debt. WEC Energy Group Inc's ability to operate with minimal debt suggests a lower financial risk and greater financial stability, which can be attractive to investors and creditors.