American Electric Power Co (American Electric Power Co) LT-Debt-to-Total-Asset : 0.40 (As of Dec. 2023)

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What is American Electric Power Co LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. American Electric Power Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.40.

American Electric Power Co's long-term debt to total assets ratio increased from Dec. 2022 (0.37) to Dec. 2023 (0.40). It may suggest that American Electric Power Co is progressively becoming more dependent on debt to grow their business.

American Electric Power Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for American Electric Power Co's LT-Debt-to-Total-Asset 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.

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American Electric Power Co LT-Debt-to-Total-Asset Chart

American Electric Power Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.34

0.37

0.36

0.37

0.40

American Electric Power Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.37	0.39	0.39	0.39	0.40

American Electric Power Co LT-Debt-to-Total-Asset Calculation

American Electric Power Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	38172.1	/	96684
	=	0.39

American Electric Power Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	38172.1	/	96684
	=	0.39

American Electric Power Co (NAS:AEP) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

American Electric Power Co LT-Debt-to-Total-Asset Related Terms

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American Electric Power Co (American Electric Power Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » American Electric Power Co Inc (NAS:AEP) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

AEP:Germany AEP:Germany AEP:Germany AEPC:Austria

Address

1 Riverside Plaza, Columbus, OH, USA, 43215-2373

Website

https://www.aep.com

American Electric Power is one of the largest regulated utilities in the United States, providing electricity generation, transmission, and distribution to more than 5 million customers in 11 states. About 42% of AEP's of capacity is coal, with the remainder from a mix of natural gas (27%), renewable energy and hydro (21%), nuclear (8%), and demand response (2%). Vertically integrated utilities, transmission and distribution, and generation and marketing support earnings.

Executives

Daniel G. Stoddard	director	5000 DOMINION BOULEVARD, GLEN ALLEN VA 23060
Kate Sturgess	officer: Controller, CAO	2244 WALNUT GROVE AVENUE, ROSEMEAD CA 91770
Antonio P Smyth	officer: Executive Vice President	1 RIVERSIDE PLAZA, COLUMBUS OH 43215
David Matthew Feinberg	officer: Senior Vice President	C/O ALLEGHENY ENERGY, INC., 800 CABIN HILL DRIVE, GREENSBURG PA 15601
Christian T Beam	officer: Executive Vice President	1 RIVERSIDE PLAZA, COLUMBUS OH 43215
Nicholas K Akins	officer: Executive Vice President	AMERICAN ELECTRIC POWER COMPANY, INC., 1 RIVERSIDE PLAZA, COLUMBUS OH 43215
Ann P Kelly	officer: Executive Vice President & CFO	460 NORTH GULPH ROAD, KING OF PRUSSIA PA 19406
Greg B Hall	officer: Executive Vice President	1 RIVERSIDE PLAZA, COLUMBUS OH 43215
Peggy Simmons	officer: Executive Vice President	212 E 6TH ST, TULSA OK 74119
Raja Sundararajan	officer: Executive Vice President	1 RIVERSIDE PLAZA, COLUMBUS OH 43215
Donna James	director	ONE MIRANOVA PLACE, SUITE 1040, COLUMBUS OH 43215
Therace Risch	officer: Senior Vice President	6501 LEGACY DRIVE, PLANO TX 75024
Charles E Zebula	officer: Executive Vice President	1 RIVERSIDE PLAZA, COLUMBUS OH 43215
Lisa M Barton	officer: Executive Vice President	AMERICAN ELECTRIC POWER COMPANY, INC., 1 RIVERSIDE PLAZA, COLUMBUS OH 43215
Paul Iii Chodak	officer: Executive Vice President	1 RIVERSIDE PLAZA, COLUMBUS OH 43215