Dominion Energy (Dominion Energy) LT-Debt-to-Total-Asset : 0.31 (As of Dec. 2023)

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What is Dominion Energy 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. Dominion Energy's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.31.

Dominion Energy's long-term debt to total assets ratio declined from Dec. 2022 (0.33) to Dec. 2023 (0.31). It may suggest that Dominion Energy is progressively becoming less dependent on debt to grow their business.

Dominion Energy LT-Debt-to-Total-Asset Historical Data

The historical data trend for Dominion Energy'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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Dominion Energy LT-Debt-to-Total-Asset Chart

Dominion Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.28

0.35

0.38

0.33

0.31

Dominion Energy 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															0.33	0.38	0.37	0.31	0.31

Dominion Energy LT-Debt-to-Total-Asset Calculation

Dominion Energy'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 )
	=	33248	/	109032
	=	0.30

Dominion Energy'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 )
	=	33248	/	109032
	=	0.30

Dominion Energy (NYSE:DCUB) 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.

Dominion Energy LT-Debt-to-Total-Asset Related Terms

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Dominion Energy (Dominion Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Dominion Energy Inc (NYSE:DCUB) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

120 Tredegar Street, Richmond, VA, USA, 23219

Website

https://www.dominionenergy.com

Based in Richmond, Virginia, Dominion Energy is an integrated energy company with over 30 gigawatts of electric generation capacity and more than 90,000 miles of electric transmission and distribution lines. Dominion is constructing a rate-regulated 5.2 GW wind farm off the Virginia Beach coast.