Black Hills (FRA:BHI) Debt-to-Equity : 1.32 (As of Mar. 2024)

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What is Black Hills Debt-to-Equity?

Black Hills's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €552 Mil. Black Hills's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €3,499 Mil. Black Hills's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €3,067 Mil. Black Hills's debt to equity for the quarter that ended in Mar. 2024 was 1.32.

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 Black Hills's Debt-to-Equity or its related term are showing as below:

FRA:BHI' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.14 Med: 1.51 Max: 2.28
Current: 1.32

During the past 13 years, the highest Debt-to-Equity Ratio of Black Hills was 2.28. The lowest was 1.14. And the median was 1.51.

FRA:BHI's Debt-to-Equity is ranked worse than
64.38% of 480 companies
in the Utilities - Regulated industry
Industry Median: 0.875 vs FRA:BHI: 1.32

Black Hills Debt-to-Equity Historical Data

The historical data trend for Black Hills'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.

Black Hills Debt-to-Equity Chart

Black Hills Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.48

1.47

1.63

1.56

1.37

Black Hills 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															1.45	1.44	1.56	1.37	1.32

Competitive Comparison of Black Hills's Debt-to-Equity

For the Utilities - Regulated Gas subindustry, Black Hills'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.

Black Hills's Debt-to-Equity Distribution in the Utilities - Regulated Industry

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

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

Black Hills Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Black Hills'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
	=	(550.2	+	3485.7)	/	2948.43
	=	1.37

Black Hills's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(552	+	3498.576)	/	3067.188
	=	1.32

Black Hills (FRA:BHI) 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.

Black Hills Debt-to-Equity Related Terms

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

Black Hills (FRA:BHI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Black Hills Corp (FRA:BHI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

BKH:USA BHI:Germany

Address

7001 Mount Rushmore Road, Rapid City, SD, USA, 57702

Website

https://www.blackhillscorp.com

Black Hills Corp is a U.S.-based energy company that operates through its regulated Electric Utilities, regulated Gas Utilities, Power Generation and Mining segments. These segments operate in states in the Midwest and mountain regions in the U.S. The company's customers include residential, commercial, industrial, and municipal consumers. These customers are residential. Black Hills derives the majority of its revenue from its utility business group, specifically from electric utilities.

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