Xcel Energy Inc (XEL)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 70,035,000 | 64,079,000 | 61,188,000 | 57,851,000 | 53,957,000 |
| Total stockholders’ equity | US$ in thousands | 19,522,000 | 17,616,000 | 16,675,000 | 15,612,000 | 14,575,000 |
| Financial leverage ratio | 3.59 | 3.64 | 3.67 | 3.71 | 3.70 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $70,035,000K ÷ $19,522,000K
= 3.59
The financial leverage ratio of Xcel Energy Inc has shown a slight fluctuation over the past five years. The ratio was 3.70 as of December 31, 2020, and increased marginally to 3.71 by December 31, 2021. However, there was a decrease in the ratio to 3.67 by December 31, 2022, followed by a further decline to 3.64 as of December 31, 2023. The most recent figure for December 31, 2024, indicates a ratio of 3.59.
Overall, the trend in Xcel Energy Inc's financial leverage ratio suggests a modest decrease in leverage over the period, indicating a potentially healthier financial position in terms of the company's debt relative to its equity. Such a pattern could be indicative of prudent financial management strategies aimed at maintaining a balanced capital structure.
Peer comparison
Dec 31, 2024