Xcel Energy Inc (XEL)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 70,035,000 | 69,286,000 | 67,927,000 | 65,585,000 | 64,079,000 | 62,870,000 | 61,658,000 | 60,945,000 | 61,188,000 | 59,975,000 | 59,317,000 | 57,985,000 | 57,851,000 | 57,517,000 | 56,779,000 | 56,511,000 | 53,957,000 | 53,708,000 | 53,456,000 | 51,133,000 |
| 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 |
| Financial leverage ratio | 3.59 | 3.58 | 3.78 | 3.68 | 3.64 | 3.63 | 3.65 | 3.62 | 3.67 | 3.66 | 3.71 | 3.69 | 3.71 | 3.79 | 3.84 | 3.84 | 3.70 | 3.90 | 3.99 | 3.84 |
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 stability over the period from March 31, 2020, to December 31, 2024. The ratio has remained relatively consistent, ranging between 3.58 and 3.99, reflecting a moderate level of financial leverage. A financial leverage ratio of around 3.5 to 4 indicates that Xcel Energy relies moderately on debt to fund its operations and investments compared to its equity.
During this period, the ratio displayed minor fluctuations, with the lowest point observed in September 30, 2024, at 3.58, and the highest point recorded on June 30, 2020, at 3.99. These variations are within an acceptable range, suggesting that Xcel Energy has maintained a stable capital structure without significant deviations in its debt levels.
Overall, the trend in the financial leverage ratio indicates that Xcel Energy has managed its debt levels prudently, balancing its capital structure effectively to support its operational and growth initiatives. Maintaining a consistent financial leverage ratio signifies the company's commitment to sustainable financial management and risk mitigation strategies.
Peer comparison
Dec 31, 2024