Xcel Energy Inc (XEL)
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 | 70,035,000 | 64,079,000 | 61,188,000 | 57,851,000 | 53,957,000 |
| 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 ÷ $70,035,000K
= 0.00
The debt-to-assets ratio of Xcel Energy Inc has been consistently reported as 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not relied on debt to finance its assets during these periods. A low or zero debt-to-assets ratio can suggest a strong financial position, as it implies that the company has a lower risk of financial distress due to debt obligations. Xcel Energy Inc's ability to maintain a low debt-to-assets ratio reflects a conservative approach to capital structure and financial risk management. It may also indicate that the company has sufficient operating cash flows or equity financing to support its asset base without resorting to significant debt financing.
Peer comparison
Dec 31, 2024