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Top 5 Companies in the Electric Utilities Industry With the Highest Debt to Asset Ratio (FE, PPL, SO, PNM, DUK)

By Shiri Gupta

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.

Firstenergy Corp ranks highest with a a debt to asset ratio of 53.24. Following is Ppl Corp with a a debt to asset ratio of 51.29. Southern Co ranks third highest with a a debt to asset ratio of 45.76.

Pnm Resources follows with a a debt to asset ratio of 41.27, and Duke Energy Corp rounds out the top five with a a debt to asset ratio of 39.48.

SmarTrend recommended that its subscribers protect gains by selling shares of Duke Energy Corp on May 16th, 2018 by issuing a Downtrend alert when the shares were trading at $76.29. Since that call, shares of Duke Energy Corp have fallen 5.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: highest debt to asset ratio firstenergy corp ppl corp southern co pnm resources duke energy corp

Ticker(s): FE PPL SO PNM DUK