Xcel Energy Inc (XEL)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $19,522,000K
= 0.00
Based on the provided data for Xcel Energy Inc, the debt-to-equity ratio has remained consistently at 0.00 from December 31, 2020, to December 31, 2024. A debt-to-equity ratio of 0.00 indicates that the company has no debt or has very minimal debt in relation to its equity. This could imply that Xcel Energy Inc primarily uses equity financing to fund its operations rather than relying heavily on debt.
A debt-to-equity ratio of 0.00 could be viewed positively by investors and creditors as it suggests a lower financial risk for the company. It indicates that Xcel Energy Inc has a strong equity position and may have a stable financial structure. However, it's important to consider that a low debt-to-equity ratio may also mean limited financial leverage for potential growth opportunities.
Overall, the consistent 0.00 debt-to-equity ratio for Xcel Energy Inc over the years reflects its financial strategy of maintaining a balanced capital structure with minimal reliance on debt financing.
Peer comparison
Dec 31, 2024