PNM Resources (PNM) Debt to Equity Ratio

Price: $41.77
Market Cap: $3.77B
Avg Volume: 693.90K
Country: US
Industry: Regulated Electric
Sector: Utilities
Beta: 0.356
52W Range: $34.625-45.098
Website: PNM Resources

Debt to Equity Ratio

PNM Resources's debt to equity ratio indicates the proportion of equity and debt the company uses to finance its assets:

  • Annual: 2.28
  • Quarterly: 2.28
  • TTM: 2.28

Other Key Debt Metrics

These metrics provide additional insights into PNM Resources's financial leverage and its ability to meet financial obligations:

  • Debt Ratio - indicates the proportion of a company's assets that are financed through debt:
    • Annual: 51.75%
    • Quarterly: 51.75%
    • TTM: 51.75%
  • Debt to Assets Ratio - shows the proportion of a company's assets that are financed by debt:
    • Annual: 51.75%
    • Quarterly: 51.75%
    • TTM: 51.75%

These financial metrics offer a comprehensive view of PNM Resources's debt structure and financial health. By comparing these ratios with industry benchmarks, investors can better understand the company's leverage and risk profile.

Annual Debt to Equity Ratio

2.28

Quarterly Debt to Equity Ratio

2.28

TTM Debt to Equity Ratio

2.28

PNM Resources Historical Debt to Equity Ratio
3.003.002.002.001.001.000.000.00Debt to Equity Ratio202020202021202120222022202320232024202420252025
Historical Debt Ratio
51.75%51.75%41.40%41.40%31.05%31.05%20.70%20.70%10.35%10.35%0.00%0.00%Debt Ratio202020202021202120222022202320232024202420252025
Historical Debt to Assets Ratio
51.75%51.75%41.40%41.40%31.05%31.05%20.70%20.70%10.35%10.35%0.00%0.00%Debt to Assets Ratio202020202021202120222022202320232024202420252025

PNM Resources Historical Debt to Equity Ratio

The table below shows various debt metrics for each year, with the latest data available for the last fiscal year 2024.

Year Debt to Equity Ratio Debt Ratio Debt to Assets Ratio
2024 2.28 51.75% 51.75%
2023 2.10 48.41% 48.41%
2022 1.98 47.20% 47.20%
2021 1.76 44.36% 44.36%
2020 1.67 43.27% 43.27%
2019 1.91 41.90% 41.90%

Related Metrics

Explore detailed financial metrics and analysis for PNM.

Financial Analysis
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