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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 James Quinn

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 subscribers consider buying shares of Southern Co on January 9th, 2019 as our technology indicated a new Uptrend was in progress when shares hit $45.68. Since that recommendation, shares of Southern Co have risen 30.7%. We continue to monitor Southern Co for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

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

Ticker(s): FE PPL SO PNM DUK