PNM Resources (FRA:98P) Debt-to-Equity : 2.10 (As of Dec. 2023)

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What is PNM Resources Debt-to-Equity?

PNM Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €508 Mil. PNM Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €4,043 Mil. PNM Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €2,165 Mil. PNM Resources's debt to equity for the quarter that ended in Dec. 2023 was 2.10.

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 PNM Resources's Debt-to-Equity or its related term are showing as below:

FRA:98P' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.19 Med: 1.69 Max: 2.1
Current: 2.1

During the past 13 years, the highest Debt-to-Equity Ratio of PNM Resources was 2.10. The lowest was 1.19. And the median was 1.69.

FRA:98P's Debt-to-Equity is ranked worse than
87.37% of 475 companies
in the Utilities - Regulated industry
Industry Median: 0.84 vs FRA:98P: 2.10

PNM Resources Debt-to-Equity Historical Data

The historical data trend for PNM Resources'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.

PNM Resources Debt-to-Equity Chart

PNM Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.97

1.67

1.76

1.98

2.10

PNM Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															2.04	2.08	2.22	2.10	N/A

Competitive Comparison of PNM Resources's Debt-to-Equity

For the Utilities - Regulated Electric subindustry, PNM Resources'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.

PNM Resources's Debt-to-Equity Distribution in the Utilities - Regulated Industry

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

* The bar in red indicates where PNM Resources's Debt-to-Equity falls into.

PNM Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

PNM Resources'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
	=	(508.326	+	4042.725)	/	2164.69
	=	2.10

PNM Resources'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
	=	(508.326	+	4042.725)	/	2164.69
	=	2.10

PNM Resources (FRA:98P) 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.

PNM Resources Debt-to-Equity Related Terms

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

PNM Resources (FRA:98P) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » PNM Resources Inc (FRA:98P) » Definitions » Debt-to-Equity

Comparable Companies

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Traded in Other Exchanges

PNM:USA

Address

414 Silver Avenue SW, Albuquerque, NM, USA, 87102-3289

Website

https://www.pnmresources.com

PNM Resources Inc, or PNMR, is a holding company that owns regulated utilities companies providing electricity and electric services. PNMR segments its operations by its two subsidiaries, PNM and TNMP. PNM provides electric generation, transmission, and distribution services mainly to areas of New Mexico. While PNM uses a variety of fuel sources across its power plant portfolio, its coal and gas-fueled sites produce most of the energy. TNMP owns and operates transmission and distribution services primarily in small to medium-sized communities in Texas. Both subsidiaries generate revenue for PNMR through the sale of electricity and transmission service fees fairly evenly split between residential and commercial customers. PNM generates the vast majority of PNMR's total revenue.

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