Xcel Energy Inc (XEL)

Debt-to-capital 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 stockholders’ equity US$ in thousands 17,616,000 17,309,000 16,914,000 16,818,000 16,675,000 16,384,000 15,971,000 15,732,000 15,612,000 15,171,000 14,792,000 14,700,000 14,575,000 13,777,000 13,385,000 13,302,000 13,239,000 13,141,000 12,366,000 12,329,000
Debt-to-capital ratio 0.57 0.55 0.56 0.56 0.56 0.56 0.58 0.59 0.62 0.62 0.63 0.62 0.63 0.64 0.65 0.60 0.60 0.60 0.00 0.00

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $22,927,000K ÷ ($22,927,000K + $17,616,000K)
= 0.57

The debt-to-capital ratio of Xcel Energy, Inc. has remained consistent at 0.60 throughout the quarters analyzed. This ratio indicates that 60% of the company's capital structure is funded by debt, with the remaining 40% funded by equity. A stable debt-to-capital ratio over multiple quarters suggests that Xcel Energy has a consistent approach to leveraging debt in its capital structure. This ratio reflects a moderate level of debt compared to equity, which may indicate a balanced risk profile for the company. However, it is important to consider other factors such as interest rates, debt maturity, and overall financial health when evaluating the company's debt management strategy.