PNM Resources (PNM) Debt Metrics
Market Cap: $3.77B
Avg Volume: 693.90K
Industry: Regulated Electric
Sector: Utilities
How much debt does PNM Resources have?
According to PNM Resources's latest annual financial reports, the company's debt profile is as follows:
Total Debt and Liabilities
PNM Resources's total debt stands at $4.96B. This is broken down into:
- Long-term debt: $4.41B
- Short-term debt: $542.07M
The company's net debt, which accounts for cash and cash equivalents, is $4.96B. In terms of overall financial obligations, PNM Resources's total liabilities amount to $7.84B.
Debt Ratios and Metrics
To better understand PNM Resources's debt position, we can look at several key ratios:
- Debt to Equity Ratio: 2.28 - this indicates the proportion of equity and debt the company uses to finance its assets.
- Debt Ratio: 51.75% - this shows the proportion of a company's assets that are financed through debt.
- Interest Coverage Ratio: 1.99 - this measures how easily a company can pay interest on its outstanding debt.
- Long-term Debt to Capitalization: 62.86% - this shows the proportion of long-term debt in the company's capital structure.
- Total Debt to Capitalization: 69.49% - this indicates the total debt in the company's capital structure.
These metrics provide insight into PNM Resources's financial leverage and its ability to meet financial obligations. For a comprehensive understanding of the company's financial health, it's important to consider these debt metrics alongside other financial indicators and industry benchmarks.
Total Debt
$4.96B
Long-term Debt
$4.41B
Short-term Debt
$542.07M
Net Debt
$4.96B
Total Liabilities
$7.84B
Interest Coverage
1.99
Debt to Equity Ratio
2.28
Debt Ratio
51.75%
PNM Resources Historical Debt Metrics
PNM Resources Historical Debt
The table below shows various debt metrics for each year, with the latest data available for the last fiscal year 2023.
| Year | Total Debt | Long-term Debt | Short-term Debt | Net Debt | Total Liabilities | Debt to Equity | Debt Ratio | Interest Coverage | Long-term Debt to Capitalization | Total Debt to Capitalization |
|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $4.96B | $4.41B | $542.07M | $4.96B | $7.84B | 2.28 | 51.75% | 1.99 | 62.86% | 69.49% |
| 2022 | $4.37B | $3.93B | $416.79M | $4.37B | $7.00B | 2.10 | 48.41% | 1.22 | 64.25% | 67.77% |
| 2021 | $3.84B | $3.58B | $242.04M | $3.84B | $6.43B | 1.98 | 47.20% | 3.08 | 63.85% | 66.48% |
| 2020 | $3.44B | $2.80B | $608.42M | $3.39B | $5.82B | 1.76 | 44.36% | 3.18 | 61.76% | 63.83% |
| 2019 | $3.33B | $2.62B | $675.77M | $3.32B | $5.55B | 1.67 | 43.27% | 2.49 | 56.89% | 62.50% |
| 2018 | $2.91B | $2.67B | $235.90M | $2.90B | $5.10B | 1.91 | 41.90% | 0.00 | 59.83% | 65.60% |
| 2017 | $2.74B | $2.18B | $562.29M | $2.74B | $4.87B | - | - | - | ||
| 2016 | $2.68B | $2.12B | $560.45M | $2.68B | $4.71B | - | - | - | ||
| 2015 | $2.34B | $1.97B | $375.58M | $2.30B | $4.27B | - | - | - | ||
| 2014 | $2.08B | $1.64B | $438.67M | $2.05B | $4.02B | - | - | - |
Related Metrics
Explore detailed financial metrics and analysis for PNM.