WEC Energy Group Inc (WEC)

Debt-to-assets ratio

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Long-term debt US$ in thousands
Total assets US$ in thousands 47,363,200 45,196,500 44,582,200 43,927,200 43,939,700 43,441,700 43,019,300 42,795,900 41,872,100 40,761,000 39,607,100 38,974,500 38,988,500 38,400,900 37,794,900 37,600,600 37,028,100 35,422,000 35,042,000 34,832,200
Debt-to-assets 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, 2024 calculation

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

The debt-to-assets ratio of WEC Energy Group Inc has consistently been 0.00 for all reported periods from March 31, 2020, to December 31, 2024. This indicates that the company has no debt in relation to its total assets. A debt-to-assets ratio of 0.00 typically suggests that a company has a strong financial position, with no significant debt obligations relative to its asset base. This can imply lower financial risk and a higher degree of financial stability, as the company is not highly leveraged. It may also indicate that the company has sufficient equity financing to support its operations and investments. However, it is important to note that while a low debt-to-assets ratio is generally positive, it may also suggest limited access to debt capital that could be used for strategic growth or capital expenditures.