PG&E (PCG) Debt-to-Equity

: 2.31 (As of Dec. 2023)

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PG&E's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $5,686 Mil. PG&E's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $52,047 Mil. PG&E's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $25,040 Mil. PG&E's debt to equity for the quarter that ended in Dec. 2023 was 2.31.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for PG&E's Debt-to-Equity or its related term are showing as below:

PCG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.74 Med: 1.26 Max: 2.35
Current: 2.31

During the past 13 years, the highest Debt-to-Equity Ratio of PG&E was 2.35. The lowest was 0.74. And the median was 1.26.

PCG's Debt-to-Equity is ranked worse than
89.66% of 474 companies
in the Utilities - Regulated industry
Industry Median: 0.84 vs PCG: 2.31

PG&E Debt-to-Equity Historical Data

The historical data trend for PG&E's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

PG&E Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.74

1.49

2.20

2.35

2.31

PG&E Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																2.35	2.37	2.35	2.32	2.31

Competitive Comparison

For the Utilities - Regulated Electric subindustry, PG&E's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

PG&E Debt-to-Equity Distribution

For the Utilities - Regulated industry and Utilities sector, PG&E's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where PG&E's Debt-to-Equity falls into.

PG&E Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

PG&E's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(5686	+	52047)	/	25040
	=	2.31

PG&E's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(5686	+	52047)	/	25040
	=	2.31

PG&E (NYSE:PCG) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

PG&E Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of PG&E's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

PG&E (PCG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » PG&E Corp (NYSE:PCG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PCG:Mexico 1PCG:Italy PCG:Germany PCG:Germany PCG:Austria

Address

300 Lakeside Drive, Oakland, CA, USA, 94612

Website

https://www.pgecorp.com

PG&E is a holding company whose main subsidiary is Pacific Gas and Electric, a regulated utility operating in Central and Northern California that serves 5.3 million electricity customers and 4.6 million gas customers in 47 of the state's 58 counties. PG&E operated under bankruptcy court supervision between January 2019 and June 2020. In 2004, PG&E sold its unregulated assets as part of an earlier postbankruptcy reorganization.

Executives

Cheryl F. Campbell	director	C/O 77 BEALE ST., P.O. BOX 770000, SAN FRANCISCO CA 94177
Carolyn Jeanne Burke	officer: EVP Finance	C/O EXCELERATE ENERGY, INC., 2445 TECHNOLOGY FOREST BLVD., LEVEL 6, THE WOODLANDS TX 77381
Patricia K Poppe	director, officer: Chief Executive Officer	77 BEALE STREET, POB 770000, SAN FRANCISCO CA 94177
Edward G Cannizzaro	director	5130 HACIENDA DRIVE, DUBLIN CA 94568
Stephanie N Williams	officer: VP and Controller	77 BEALE STREET, PO BOX 77000, SAN FRANCISCO CA 94177
Pg&e Fire Victim Trust	10 percent owner	TWO EMBARCADERO CENTER, SUITE 1500, SAN FRANCISCO CA 94111
William Lloyd Smith	director	46429 LANDING PARKWAY, FREMONT CA 94538
Marlene Santos	other: EVP, CCO at PG&E Company	77 BEALE STREET, P.O. BOX 770000, SAN FRANCISCO CA 94117
Carlos M Hernandez	director
Adam L Wright	other: EVP, Ops & COO at PG&E Company	77 BEALE STREET, P.O. BOX 770000, SAN FRANCISCO CA 94177
Julius Cox	officer: EVP/Ppl, Shrd Svcs & Spply Chn	77 BEALE STREET, POB 770000, SAN FRANCISCO CA 94177
Sumeet Singh	officer: EVP/CRO & Chf Safety Ofc	77 BEALE STREET, PO BOX 770000, SAN FRANCISCO CA 94177
Ajay Waghray	officer: SVP & Chf Information Ofc	C/O ASSURANT, INC., 28 LIBERTY STREET, 41 FL., NEW YORK NY 1
Carla J Peterman	officer: EVP/Corp. Affairs & CSO	77 BEALE STREET, P.O. BOX 77000, SAN FRANCISCO CA 94177
Christopher A Foster	officer: EVP & Chief Financial Officer	77 BEALE ST., P.O. BOX 770000, SAN FRANCISCO CA 94177