Public Service Company of New Mexico (Public Service Company of New Mexico) Debt-to-Equity : 1.32 (As of Mar. 2024)

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What is Public Service Company of New Mexico Debt-to-Equity?

Public Service Company of New Mexico's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $403.23 Mil. Public Service Company of New Mexico's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $2,223.72 Mil. Public Service Company of New Mexico's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $1,997.40 Mil. Public Service Company of New Mexico'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 Public Service Company of New Mexico's Debt-to-Equity or its related term are showing as below:

PNMXO.PFD's Debt-to-Equity is not ranked ^*
in the Utilities - Regulated industry.
Industry Median: 0.875
* Ranked among companies with meaningful Debt-to-Equity only.

Public Service Company of New Mexico Debt-to-Equity Historical Data

The historical data trend for Public Service Company of New Mexico'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.

Public Service Company of New Mexico Debt-to-Equity Chart

Public Service Company of New Mexico Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.32

1.00

1.17

1.31

Public Service Company of New Mexico 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															1.14	1.15	1.24	1.31	1.32

Competitive Comparison of Public Service Company of New Mexico's Debt-to-Equity

For the Utilities - Regulated Electric subindustry, Public Service Company of New Mexico'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.

Public Service Company of New Mexico's Debt-to-Equity Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Public Service Company of New Mexico's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Public Service Company of New Mexico's Debt-to-Equity falls into.

Public Service Company of New Mexico Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Public Service Company of New Mexico'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
	=	(349.093	+	2227.749)	/	1962.346
	=	1.31

Public Service Company of New Mexico'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
	=	(403.227	+	2223.722)	/	1997.4
	=	1.32

Public Service Company of New Mexico (OTCPK:PNMXO.PFD) 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.

Public Service Company of New Mexico Debt-to-Equity Related Terms

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Public Service Company of New Mexico (Public Service Company of New Mexico) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Public Service Company of New Mexico (OTCPK:PNMXO.PFD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

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

Website

http://www.pnm.com

Public Service Company of New Mexico is an electric utility company. It provides electric generation, transmission, and distribution service to its rate-regulated customers. In addition, it is also involved in the provision of transmission services to third parties; and the generation and sale of electricity into the wholesale market. Geographically, it operates through the region of Mexico and it provides retail electric service to customers in north-central New Mexico, including the cities of Albuquerque, Rio Rancho and Santa Fe, and certain areas of southern New Mexico.

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