Shares of Dominion Resources Rank the Highest in Terms of Debt to Asset Ratio in the Multi-Utilities Industry (D, CMS, TE, CNP, BKH)
Below are the three companies in the Multi-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.
Dominion Resources ranks highest with a a debt to asset ratio of 0.48. Following is CMS Energy with a a debt to asset ratio of 0.45. TECO Energy ranks third highest with a a debt to asset ratio of 0.45.
Centerpoint Energy follows with a a debt to asset ratio of 0.40, and Black Hills rounds out the top five with a a debt to asset ratio of 0.40.
SmarTrend recommended that subscribers consider buying shares of TECO Energy on July 16th, 2015 as our technology indicated a new Uptrend was in progress when shares hit $20.24. Since that recommendation, shares of TECO Energy have risen 36.6%. We continue to monitor TECO Energy for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: highest debt to asset ratio dominion resources cms energy TECO Energy CenterPoint Energy black hills