Xcel Energy Inc (XEL)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 |
| Debt-to-capital 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 |
| 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 |
| 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 |
The solvency ratios of Xcel Energy Inc, as indicated by key financial ratios, reveal a strong financial position with low levels of debt relative to its assets, capital, and equity over the reported periods.
The Debt-to-Assets ratio remained consistently at 0.00 throughout the periods, indicating that the company relied minimally on debt to finance its assets. This suggests that Xcel Energy has a strong ability to meet its financial obligations using its own resources.
Similarly, the Debt-to-Capital ratio also stood at 0.00 across all periods, underscoring the company's conservative approach towards leveraging its capital structure. This further reinforces the notion that Xcel Energy has been prudent in managing its debt levels.
The Debt-to-Equity ratio, remaining at 0.00 throughout, signifies that the company has not taken on significant debt in relation to its equity. This implies a robust equity position that can act as a buffer against financial risks.
The Financial Leverage ratio, though showing some fluctuations between 3.58 and 3.99, remained relatively stable over the reporting periods. This suggests that Xcel Energy has maintained a balanced mix of debt and equity in its capital structure without overly relying on debt financing.
Overall, the solvency ratios of Xcel Energy Inc reflect a healthy financial profile and a sound solvency position, indicating a low risk of financial distress and reinforcing investor confidence in the company's ability to meet its debt obligations.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 2.20 | 2.43 | 2.52 | 2.60 | 2.58 | 2.55 | 2.55 | 2.65 | 2.68 | 2.65 | 2.63 | 2.71 | 2.75 | 2.75 | 2.71 | 2.69 | 2.66 | 2.68 | 2.69 | 2.70 |
Xcel Energy Inc's interest coverage ratio has shown a slight decline over the years based on the provided data. The interest coverage ratio measures the company's ability to meet its interest payments on outstanding debt.
From March 31, 2020, to December 31, 2024, the interest coverage ratio decreased from 2.70 to 2.20. This indicates that the company's ability to cover its interest expenses with its earnings has weakened slightly over this period.
However, it is worth noting that the ratio has fluctuated within a relatively narrow range, with some minor peaks and troughs. The company has maintained a level of coverage that suggests it has been comfortably meeting its interest obligations throughout the period.
While the downtrend in the interest coverage ratio raises some concern, further analysis would be needed to determine the underlying reasons for this trend and to assess the overall financial health and debt management of Xcel Energy Inc.