Xcel Energy Inc (XEL)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 22,927,000 | 20,897,000 | 25,232,000 | 24,412,000 | 20,227,000 |
| Total stockholders’ equity | US$ in thousands | 17,616,000 | 16,675,000 | 15,612,000 | 14,575,000 | 13,239,000 |
| Debt-to-equity ratio | 1.30 | 1.25 | 1.62 | 1.67 | 1.53 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $22,927,000K ÷ $17,616,000K
= 1.30
The debt-to-equity ratio of Xcel Energy, Inc. has been relatively stable over the past five years, ranging from 1.41 to 1.50. This indicates that the company has been maintaining a moderate level of debt compared to its equity during this period. The consistent ratio suggests that Xcel Energy has been managing its debt and equity levels in a relatively balanced manner, without significantly increasing or decreasing its leverage. A ratio above 1 indicates that the company relies more on debt financing than equity, which can increase financial risk but also potentially lead to higher returns. Overall, Xcel Energy's debt-to-equity ratio indicates a reasonable balance between debt and equity in its capital structure.
Peer comparison
Dec 31, 2023