Xcel Energy Inc (XEL)

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 70,035,000 69,286,000 67,927,000 65,585,000 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
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 ÷ $70,035,000K
= 0.00

The debt-to-assets ratio for Xcel Energy Inc has consistently been 0.00 over the reported periods from March 31, 2020, to December 31, 2024. This indicates that the company has not been relying heavily on debt to finance its operations and investments. A low debt-to-assets ratio suggests that the company has a strong financial position and may be considered less risky by investors and creditors. Xcel Energy Inc's ability to maintain a consistently low debt-to-assets ratio demonstrates prudent financial management and a conservative approach to its capital structure.