WECNEUTRAL

WEC Debt-to-Equity Ratio Analysis

1.59x

Updated 6h ago·SEC filings & market data

Key Takeaway

The debt-to-equity ratio compares a company’s total liabilities to shareholder equity; at 1.59x, WEC carries $1.59 of debt for every $1 of equity.

Sector Performance

78th percentile

WEC

1.59x

Sector Median

0.74x

Sector Avg

2.51x

Prior Period

1.55x(Jul 2026)

↓ Declining

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Deep Analysis

The debt-to-equity ratio compares a company’s total liabilities to shareholder equity; at 1.59x, WEC carries $1.59 of debt for every $1 of equity.

This is above the 0.73x sector median, placing WEC in the 78th percentile among sector peers, meaning it uses more leverage than most. The year-over-year change is not available, but quarter-over-quarter the ratio rose 2.6% from 1.55x to 1.59x. The combination of a high debt level with a rising short-term trend points to increased financial risk, as higher leverage can strain cash flow and amplify downside if earnings weaken. That said, the moderate uptick is small and typical for a utility with stable, regulated cash flows. This metric contradicts the overall NEUTRAL verdict, skewing toward caution because the debt load sits well above the sector norm. Still, given the slow pace of the increase, it does not force a negative overall stance by itself.

Frequently Asked Questions

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

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 WEC'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), GLW (0.67x).

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Learn More About Debt-to-Equity Ratio

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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.