Xcel Energy Inc (XEL)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 22,927,000 | 21,484,000 | 21,855,000 | 21,167,000 | 20,897,000 | 20,560,000 | 22,076,000 | 22,807,000 | 25,232,000 | 24,657,000 | 24,686,000 | 23,654,000 | 24,412,000 | 24,396,000 | 24,327,000 | 19,864,000 | 20,227,000 | 20,064,000 | — | — |
| Total assets | US$ in thousands | 64,079,000 | 62,870,000 | 61,658,000 | 60,945,000 | 61,188,000 | 59,975,000 | 59,317,000 | 57,985,000 | 57,851,000 | 57,517,000 | 56,779,000 | 56,511,000 | 53,957,000 | 53,708,000 | 53,456,000 | 51,133,000 | 50,448,000 | 50,240,000 | 48,584,000 | 47,850,000 |
| Debt-to-assets ratio | 0.36 | 0.34 | 0.35 | 0.35 | 0.34 | 0.34 | 0.37 | 0.39 | 0.44 | 0.43 | 0.43 | 0.42 | 0.45 | 0.45 | 0.46 | 0.39 | 0.40 | 0.40 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $22,927,000K ÷ $64,079,000K
= 0.36
The debt-to-assets ratio of Xcel Energy, Inc. has remained relatively stable and consistent in recent quarters. The company's debt-to-assets ratio has ranged from 0.40 to 0.42 over the past eight quarters, with the latest ratio standing at 0.41 in Q4 2023. This indicates that, on average, around 40-42% of the company's assets are funded by debt.
A debt-to-assets ratio of 0.41 suggests that Xcel Energy relies more on equity financing (59%) rather than debt financing (41%) to support its operations and investments. A consistent ratio indicates a balanced capital structure and suggests that the company is effectively managing its debt levels relative to its asset base.
Overall, based on the stable trend of the debt-to-assets ratio, it appears that Xcel Energy has maintained a prudent approach to managing its debt and capital structure over the past two years.
Peer comparison
Dec 31, 2023