Relatively High Debt to Asset Ratio Detected in Shares of ITC Holdings in the Electric Utilities Industry (ITC, PPL, FE, BIP, POM)
Below are the three companies in the Electric Utilities industry with the highest debt to asset ratios. The Debt/Asset ratio shows the proportion of a company's assets that are financed through debt. If the ratio is greater than one, most of the company's assets are financed through debt.
ITC Holdings ranks highest with a a debt to asset ratio of 0.59. Following is PPL with a a debt to asset ratio of 0.50. FirstEnergy ranks third highest with a a debt to asset ratio of 0.42.
Brookfield Infrastructure Partners follows with a a debt to asset ratio of 0.41, and Pepco Holdings rounds out the top five with a a debt to asset ratio of 0.39.
SmarTrend recommended that subscribers consider buying shares of ITC Holdings on December 1st, 2015 as our technology indicated a new Uptrend was in progress when shares hit $37.90. Since that recommendation, shares of ITC Holdings have risen 23.8%. We continue to monitor ITC Holdings for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: highest debt to asset ratio itc holdings firstenergy brookfield infrastructure partners pepco holdings