Xcel Energy Inc (XEL)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 19,522,000 | 17,616,000 | 16,675,000 | 15,612,000 | 14,575,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $19,522,000K)
= 0.00
The debt-to-capital ratio of Xcel Energy Inc has remained consistently at 0.00 from December 31, 2020, to December 31, 2024. This indicates that Xcel Energy's capital structure is not reliant on debt financing but rather on equity financing. A debt-to-capital ratio of 0.00 signifies that the company's capital is predominantly financed through equity, which could be viewed positively by investors and creditors as it implies lower financial risk and leverage. This stability in the debt-to-capital ratio over the years suggests that Xcel Energy has a conservative debt management strategy and maintains a healthy balance between debt and equity in its capital structure.
Peer comparison
Dec 31, 2024