Xcel Energy XEL Debt-to-equity
Debt-to-equity at other companies
Other financials
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-equity?
- Xcel Energy (XEL) reported debt-to-equity of 1.6× in Q1 2026.
- How has Xcel Energy's debt-to-equity changed year-over-year?
- Xcel Energy's debt-to-equity increased by 0.8% year-over-year, from 1.6× to 1.6×.
- What is the long-term trend for Xcel Energy's debt-to-equity?
- Over 4 years (2021 to 2025), Xcel Energy's debt-to-equity has grown at a -0.5% compound annual growth rate (CAGR), from 6.6× to 6.4×.
- 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.