Debt-to-Equity Ratio
Higher than 36% of Utilities sector peers
Updated 388h ago
Sector Performance
36th percentilePEG
1.40x
Sector Median
1.47x
Sector Avg
1.76x
Deep Analysis
Public Service Enterprise Group's debt-to-equity ratio of 1.40x means the company uses $1.40 of debt for every $1.00 of shareholders' equity, indicating its reliance on borrowing to finance operations.
This is slightly below the sector median of 1.47x, placing the company in the 36th percentile among Utilities peers, meaning it carries less debt relative to equity than about two-thirds of its sector. The year-over-year change is not available, but the ratio rose 44.3% quarter-over-quarter from 0.97x, showing a sharp increase in leverage over the most recent period. The combination of a level below the sector median combined with a steep quarterly rise suggests that while the company currently has manageable leverage, the upward trend introduces near-term risk if debt continues to grow. This metric supports the overall NEUTRAL verdict, as the current ratio is not alarming but the rapid quarterly escalation warrants caution without a clear signal to upgrade or downgrade.
Frequently Asked Questions
What does the Debt-to-Equity Ratio tell investors about PEG?
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.
How does PEG's Debt-to-Equity Ratio compare to its sector?
PEG's Debt-to-Equity Ratio of 1.40x compares to a Utilities sector median of 1.47x, placing it in the 36th percentile.
Who are PEG's closest peers by Debt-to-Equity Ratio?
The closest Utilities peers by Debt-to-Equity Ratio include: AWK (1.42x), NEP (1.52x), PNW (1.56x), PPL (1.35x), LNT (1.60x).
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.
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1.40x
Sector Median
1.47x
Sector Avg
1.76x
How PEG's Debt-to-Equity Ratio compares to sector peers.
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Not financial advice. Research tool only. Data may be delayed.