Xcel Energy Inc (XEL)

Debt-to-equity 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 stockholders’ equity US$ in thousands 19,522,000 19,352,000 17,954,000 17,841,000 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
Debt-to-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $19,522,000K
= 0.00

The debt-to-equity ratio for Xcel Energy Inc has consistently been 0.00 for all the quarters from March 31, 2020, to December 31, 2024. This indicates that the company has not taken on any debt to fund its operations, or the level of debt is negligible compared to its equity. A debt-to-equity ratio of 0.00 typically suggests a low-risk financial structure, as the company relies more on equity financing rather than debt financing. This may indicate a strong financial position and sound financial management by Xcel Energy Inc, as it is not overly leveraged.