Black Hills (FRA:BHI) LT-Debt-to-Total-Asset : 0.39 (As of Mar. 2024)

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What is Black Hills 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. Black Hills's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.39.

Black Hills's long-term debt to total assets ratio declined from Mar. 2023 (0.42) to Mar. 2024 (0.39). It may suggest that Black Hills is progressively becoming less dependent on debt to grow their business.

Black Hills LT-Debt-to-Total-Asset Historical Data

The historical data trend for Black Hills'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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Black Hills LT-Debt-to-Total-Asset Chart

Black Hills Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.42

0.44

0.45

0.38

0.40

Black Hills Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.42	0.42	0.38	0.40	0.39

Black Hills LT-Debt-to-Total-Asset Calculation

Black Hills'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 )
	=	3485.7	/	8821.907
	=	0.40

Black Hills's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	3498.576	/	8902.564
	=	0.39

Black Hills (FRA:BHI) 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.

Black Hills LT-Debt-to-Total-Asset Related Terms

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Black Hills (FRA:BHI) Business Description

Industry

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

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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