EVRGNEUTRAL

EVRG Debt-to-Equity Ratio Analysis

1.61x

Updated 201h ago·SEC filings & market data

Key Takeaway

The debt-to-equity ratio measures how much debt a company uses to finance its assets compared to shareholders’ equity, with 1.61x meaning debt exceeds equity by 61%.

Sector Performance

79th percentile

EVRG

1.61x

Sector Median

0.74x

Sector Avg

2.51x

Prior Period

1.56x(Jul 2026)

↓ Declining

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Deep Analysis

The debt-to-equity ratio measures how much debt a company uses to finance its assets compared to shareholders’ equity, with 1.61x meaning debt exceeds equity by 61%.

This is well above the sector median of 0.74x, placing EVRG in the 79th percentile among peers, so the company carries higher leverage than most of its sector. Year-over-year change is not available, but quarter-over-quarter the ratio rose 3.2% from 1.56x to 1.61x, showing a modest recent increase. The combination of a high leverage level and a small upward trend points to elevated financial risk, as the company has less cushion against earnings shocks while debt obligations grow. This also reduces the immediate opportunity for equity upside if interest costs rise or cash flow tightens. The metric leans toward caution and therefore supports the overall NEUTRAL verdict, since the leverage risk does not clearly outweigh potential returns but prevents a more positive read.

Frequently Asked Questions

What does the Debt-to-Equity Ratio tell investors about EVRG?

Shows how much a company is financing its operations through debt vs shareholder funds. High D/E can amplify returns — and losses.

How is the Debt-to-Equity Ratio calculated?

Debt-to-Equity Ratio is calculated as: Total Debt / Shareholders' Equity.

Who are EVRG's closest peers by Debt-to-Equity Ratio?

The closest peers by Debt-to-Equity Ratio include: TAP (0.76x), PCAR (0.72x), O (0.78x), PRU (0.78x), KIM (0.85x).

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Learn More About Debt-to-Equity Ratio

How to Spot a Debt Problem Before It Hits the Stock Price

Learn how to spot a debt problem in stocks using D/E, interest coverage, and net debt/EBITDA ratios. Real examples from META and MSFT, plus danger thresholds you need to know.

Debt/Equity Ratio: How Much Debt Is Too Much?

The debt to equity ratio explained: why context, interest coverage, and sector norms matter far more than the raw number when assessing debt risk.

The Formula

Total Debt / Shareholders' Equity

Why It Matters

Shows how much a company is financing its operations through debt vs shareholder funds. High D/E can amplify returns — and losses.