PNMXO.PFD (Public Service Company of New Mexico) Debt-to-Equity : 1.28 (As of Sep. 2024)

View and export this data going back to 2010. Start your Free Trial

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 Sep. 2024 was $550.84 Mil. Public Service Company of New Mexico's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $2,256.11 Mil. Public Service Company of New Mexico's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $2,192.06 Mil. Public Service Company of New Mexico's debt to equity for the quarter that ended in Sep. 2024 was 1.28.

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: 0.87
* 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

Get a 7-Day Free Trial

1.32

1.00

1.17

1.31

Public Service Company of New Mexico Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															1.24	1.31	1.32	1.30	1.28

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 Sep. 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
	=	(550.841	+	2256.112)	/	2192.064
	=	1.28

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

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

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

https://www.pnm.com

Public Service Company of New Mexico is an electric utility company. It provides electric generation, transmission, and distribution services 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.

Public Service Company of New Mexico Headlines

No Headlines