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PG&E PCG Debt-to-assets

Debt-to-assets at other companies

Edison International logo
Edison InternationalEIX
0.4×0.0×
Sempra Energy logo
Sempra EnergySRE
0.0×
Public Service Enterprise Group logo
Public Service Enterprise GroupPEG
0.4×0.0×
Xcel Energy logo
Xcel EnergyXEL
0.5×0.0×
CMS
CMS EnergyCMS
0.5×0.0×
Exelon logo
ExelonEXC
0.4×0.0×

Other financials

Income statement

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Revenue$6.9B+15.0%
Operating income$1.5B+20.5%
Net income$885.0M+39.6%
EPS (diluted)$0.39+39.3%

Balance sheet

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Cash & equivalents$1.5B-38.1%
Total debt$62.3B+12.8%
Total equity$33.3B+8.4%
Total assets$141.95B+4.8%

Cash flow

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Operating cash flow$2.4B-14.7%
CapEx$3.4B+27.4%
Free cash flow-$926.0M-535%

Valuation

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Market cap$36.2B+2.5%
Enterprise value$97.03B+9.8%
P/E12.3×-2.4×
P/S1.4×0.0×

Profitability

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Operating margin19.4%+1.4pp
Net margin11.4%+1.6pp

Returns & leverage

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Return on equity9.2%+0.7pp
Debt / equity1.9×+0.1×
Current ratio1.2×+0.3×

Where this comes from

Calculated from PG&E’s reported figures.

Based on the most recent quarter.

The official record: PG&E’s 10-Q, filed April 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is PG&E's debt-to-assets?
PG&E (PCG) reported debt-to-assets of 0.4× in Q1 2026.
How has PG&E's debt-to-assets changed year-over-year?
PG&E's debt-to-assets increased by 7.6% year-over-year, from 0.4× to 0.4×.
What is the long-term trend for PG&E's debt-to-assets?
Over 4 years (2021 to 2025), PG&E's debt-to-assets has grown at a 1.0% compound annual growth rate (CAGR), from 1.6× to 1.7×.
What does debt-to-assets mean?
What fraction of everything the company owns is funded by debt.
How do you interpret debt-to-assets?
A lower ratio indicates a more conservatively financed balance sheet. Rising debt-to-assets over time signals increasing financial risk.
How does debt-to-assets compare across companies?
Comparable within an industry; bounded between 0 and 1 for most non-financials, which makes cross-company reads cleaner than debt-to-equity.