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XEL (Xcel Energy) LT-Debt-to-Total-Asset : 0.41 (As of Sep. 2024)


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What is Xcel 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. Xcel Energy's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.41.

Xcel Energy's long-term debt to total assets ratio declined from Sep. 2023 (0.41) to Sep. 2024 (0.41). It may suggest that Xcel Energy is progressively becoming less dependent on debt to grow their business.

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

The historical data trend for Xcel 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.

* Premium members only.

Xcel Energy LT-Debt-to-Total-Asset Chart

Xcel Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.38 0.39 0.40 0.39 0.41

Xcel Energy Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.41 0.41 0.42 0.42 0.41

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

Xcel 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 )
=25951/64079
=0.40

Xcel Energy's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )/Total Assets (Q: Sep. 2024 )
=28379/69286
=0.41

* 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.

Xcel Energy  (NAS:XEL) 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.

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

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Xcel Energy Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Xcel Energy Inc (NAS:XEL) » Definitions » LT-Debt-to-Total-Asset
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Address
414 Nicollet Mall, Minneapolis, MN, USA, 55401
Website
https://www.xcelenergy.com
Xcel Energy manages utilities serving 3.8 million electric customers and 2.2 million natural gas customers in eight states. Its utilities are Northern States Power, which serves customers in Minnesota, North Dakota, South Dakota, Wisconsin, and Michigan; Public Service Company of Colorado; and Southwestern Public Service Company, which serves customers in Texas and New Mexico. It is one of the largest renewable energy suppliers in the US with more than half of its electricity sales coming from carbon-free energy.
Executives
Frank P Prager officer: SVP, Strategy, Planning & Ext. 414 NICOLLET MALL, MINNEAPOLIS MN 55401
Timothy John O'connor officer: EVP, Chief Operations Officer 414 NICOLLET MALL, MINNEAPOLIS MN 55401
Robert Frenzel director, officer: Chairman, President and CEO 414 NICOLLET MALL, MINNEAPOLIS MN 55401
Amanda J Rome officer: EVP, Group President Utilities 414 NICOLLET MALL, MINNEAPOLIS MN 55401
Timothy A Welsh director 800 NICOLLET MALL, MINNEAPOLIS MN 55402
Richard T Obrien director 6363 SOUTH FIDDLERS GREEN CIRCLE, GREENWOOD VILLAGE CO 80111
Christopher J. Policinski director 4001 LEXINGTON AVENUE N., ARDEN HILLS MN 55126
Daniel Yohannes director 414 NICOLLET MALL, MINNEAPOLIS MN 55014
Charles G Pardee director 10 SOUTH DEARBORN STREET, 54TH FLOOR, CHICAGO IL 60603
Lynn Casey director 414 NICOLLET MALL, MINNEAPOLIS MN 55401
Kim Williams director C/O WEYERHAEUSER COMPANY, 220 OCCIDENTAL AVENUE SOUTH, SEATTLE WA 98104
James T Prokopanko director 25990 BIRCH BLUFF ROAD, EXCELSIOR MN 55331
George J Kehl director 414 NICOLLET MALL, MINNEAPOLIS MN 55401
Megan D Burkhart director 1717 MAIN STREET, DALLAS TX 75201
Netha N. Johnson director 3489 CRESTMOOR DRIVE, WOODBURY MN 55125