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PPL PPL Debt-to-equity

Debt-to-equity at other companies

American Electric Power logo
American Electric PowerAEP
1.6×
FirstEnergy logo
FirstEnergyFE
2.2×+0.4×
Exelon logo
ExelonEXC
1.7×0.0×
EVR
EvergyEVRG
1.3×0.0×
Public Service Enterprise Group logo
Public Service Enterprise GroupPEG
1.3×-0.1×
PG&E logo
PG&EPCG
1.9×+0.1×

Other financials

Income statement

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Revenue$2.8B+10.8%
Operating income$745.0M+9.9%
Net income$452.0M+9.2%

Balance sheet

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Cash & equivalents$1.3B+268%
Total debt$19.2B+15.1%
Total equity$15.0B+5.1%
Total assets$46.3B+10.8%

Cash flow

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Operating cash flow$557.0M+8.6%
CapEx$1.1B+33.4%
Free cash flow-$501.0M-78.9%

Valuation

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Market cap$26.58B+7.7%
Enterprise value$44.57B+8.5%
P/E21.8×-3.0×
P/S2.9×0.0×

Profitability

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Operating margin23.6%+2.0pp
Net margin13.1%+1.6pp

Returns & leverage

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Return on equity8.3%+1.3pp
Current ratio+0.2×

Where this comes from

Calculated from PPL’s reported figures.

Based on the most recent quarter.

The official record: PPL’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is PPL's debt-to-equity?
PPL (PPL) reported debt-to-equity of 1.3× in Q1 2026.
How has PPL's debt-to-equity changed year-over-year?
PPL's debt-to-equity increased by 9.6% year-over-year, from 1.2× to 1.3×.
What is the long-term trend for PPL's debt-to-equity?
Over 4 years (2021 to 2025), PPL's debt-to-equity has grown at a 7.5% compound annual growth rate (CAGR), from 3.6× to 4.8×.
What does debt-to-equity mean?
How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?
Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?
Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.