WEC Energy Group Inc (WEC)

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	15,366,900	14,655,700	13,472,400	11,672,800	11,171,400
Total stockholders’ equity	US$ in thousands	11,754,600	11,407,300	10,943,600	10,500,100	10,143,800
Debt-to-equity ratio		1.31	1.28	1.23	1.11	1.10

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $15,366,900K ÷ $11,754,600K
= 1.31

The debt-to-equity ratio of WEC Energy Group Inc has been gradually increasing over the past five years, from 1.26 in 2019 to 1.60 in 2023. This indicates that the company has been relying more on debt financing compared to equity financing. The rising trend in the debt-to-equity ratio suggests that the company's financial leverage has been increasing over time, which may lead to higher financial risk. It is important for investors and stakeholders to closely monitor this trend to assess the company's ability to manage its debt obligations effectively and maintain a healthy balance between debt and equity in its capital structure.