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Xcel Energy XEL Debt-to-assets

Debt-to-assets at other companies

Nextra Energy logo
Nextra EnergyNEE
0.4×0.0×
WEC Energy Group logo
WEC Energy GroupWEC
0.4×+0.1×
Duke Energy logo
Duke EnergyDUK
0.4×0.0×
Exelon logo
ExelonEXC
0.4×0.0×
PG&E logo
PG&EPCG
0.4×0.0×
CMS
CMS EnergyCMS
0.5×0.0×

Other financials

Income statement

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Revenue$3.0B-1.2%
Operating income$754.0M+11.4%
Net income$556.0M+15.1%
EPS (diluted)$0.89+5.9%

Balance sheet

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Cash & equivalents$1.8B+56.7%
Total debt$39.2B+21.2%
Total equity$23.8B+20.2%
Total assets$84.8B+16.6%

Cash flow

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Operating cash flow$1.7B+65.1%
CapEx$3.0B+52.0%
Free cash flow-$1.3B-38.0%

Valuation

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Market cap$48.36B+21.9%
Enterprise value$85.84B+21.0%
P/E23.1×+2.6×
P/S4.2×

Profitability

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Gross margin66.6%
Operating margin17.2%
Net margin11.1%

Returns & leverage

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Return on equity9.6%-0.7pp
Debt / equity1.6×0.0×
Current ratio0.8×0.0×

Where this comes from

Calculated from Xcel Energy’s reported figures.

Based on the most recent quarter.

The official record: Xcel Energy’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Xcel Energy's debt-to-assets?
Xcel Energy (XEL) reported debt-to-assets of 0.5× in Q1 2026.
How has Xcel Energy's debt-to-assets changed year-over-year?
Xcel Energy's debt-to-assets increased by 3.9% year-over-year, from 0.4× to 0.5×.
What is the long-term trend for Xcel Energy's debt-to-assets?
Over 4 years (2021 to 2025), Xcel Energy's debt-to-assets has grown at a 0.7% compound annual growth rate (CAGR), from 1.7× to 1.8×.
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.