Black Hills annual debt-to-assets ratio
2009
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2024
2025
Black Hills Debt-to-Assets Ratio Growth & History (BKH)
Black Hills's debt-to-assets ratio was 0.43 for fiscal 2025.
View full Black Hills company overviewBlack Hills annual debt-to-assets ratio history
| Fiscal year | Period ended | Debt-to-assets ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.43 | −0.00 | −1.12% |
| 2024 | 2024-12-31 | 0.44 | −0.02 | −4.39% |
| 2023 | 2023-12-31 | 0.46 | −0.03 | −5.74% |
| 2022 | 2022-12-31 | 0.49 | −0.01 | −2.53% |
| 2021 | 2021-12-31 | 0.50 | 0.03 | +6.82% |
| 2020 | 2020-12-31 | 0.47 | 0.00 | +0.64% |
| 2019 | 2019-12-31 | 0.46 | 0.01 | +2.64% |
| 2018 | 2018-12-31 | 0.45 | −0.05 | −9.67% |
| 2017 | 2017-12-31 | 0.50 | −0.01 | −1.38% |
| 2016 | 2016-12-31 | 0.51 | 0.09 | +21.39% |
| 2015 | 2015-12-31 | 0.42 | 0.04 | +9.52% |
| 2014 | 2014-12-31 | 0.38 | −0.00 | −1.17% |
| 2013 | 2013-12-31 | 0.39 | 0.03 | +8.92% |
| 2012 | 2012-12-31 | 0.35 | −0.04 | −10.28% |
| 2011 | 2011-12-31 | 0.39 | 0.01 | +1.65% |
| 2010 | 2010-12-31 | 0.39 | 0.07 | +22.48% |
| 2009 | 2009-12-31 | 0.32 | — | — |
Black Hills quarterly debt-to-assets ratio
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Q2.26
| Fiscal quarter | Period ended | Debt-to-assets ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.41 | −0.03 | −6.11% |
| Q1 2026 | 2026-03-31 | 0.43 | 0.00 | +0.39% |
| Q4 2025 | 2025-12-31 | 0.43 | −0.00 | −1.12% |
| Q3 2025 | 2025-09-30 | 0.42 | −0.02 | −3.43% |
| Q2 2025 | 2025-06-30 | 0.43 | −0.04 | −8.87% |
| Q1 2025 | 2025-03-31 | 0.43 | −0.03 | −5.82% |
| Q4 2024 | 2024-12-31 | 0.44 | −0.02 | −4.39% |
| Q3 2024 | 2024-09-30 | 0.44 | −0.06 | −11.46% |
| Q2 2024 | 2024-06-30 | 0.48 | −0.00 | −0.07% |
| Q1 2024 | 2024-03-31 | 0.45 | −0.02 | −3.91% |
| Q4 2023 | 2023-12-31 | 0.46 | −0.03 | −5.74% |
| Q3 2023 | 2023-09-30 | 0.50 | −0.00 | −0.23% |
| Q2 2023 | 2023-06-30 | 0.48 | −0.01 | −2.57% |
| Q1 2023 | 2023-03-31 | 0.47 | −0.02 | −3.27% |
| Q4 2022 | 2022-12-31 | 0.49 | −0.01 | −2.53% |
| Q3 2022 | 2022-09-30 | 0.50 | −0.00 | −0.68% |
| Q2 2022 | 2022-06-30 | 0.49 | −0.01 | −2.20% |
| Q1 2022 | 2022-03-31 | 0.49 | −0.01 | −2.18% |
| Q4 2021 | 2021-12-31 | 0.50 | 0.03 | +6.82% |
| Q3 2021 | 2021-09-30 | 0.50 | 0.04 | +8.17% |
| Q2 2021 | 2021-06-30 | 0.50 | 0.04 | +8.65% |
| Q1 2021 | 2021-03-31 | 0.50 | 0.05 | +10.58% |
| Q4 2020 | 2020-12-31 | 0.47 | 0.00 | +0.64% |
| Q3 2020 | 2020-09-30 | 0.46 | 0.00 | +0.27% |
| Q2 2020 | 2020-06-30 | 0.46 | 0.01 | +2.95% |
| Q1 2020 | 2020-03-31 | 0.45 | 0.01 | +1.87% |
| Q4 2019 | 2019-12-31 | 0.46 | 0.01 | +2.64% |
| Q3 2019 | 2019-09-30 | 0.46 | −0.04 | −7.42% |
| Q2 2019 | 2019-06-30 | 0.45 | −0.05 | −9.28% |
| Q1 2019 | 2019-03-31 | 0.44 | −0.05 | −10.20% |
| Q4 2018 | 2018-12-31 | 0.45 | −0.05 | −9.67% |
| Q3 2018 | 2018-09-30 | 0.50 | −0.01 | −2.11% |
| Q2 2018 | 2018-06-30 | 0.49 | −0.01 | −2.08% |
| Q1 2018 | 2018-03-31 | 0.49 | −0.01 | −1.58% |
| Q4 2017 | 2017-12-31 | 0.50 | −0.01 | −1.38% |
| Q3 2017 | 2017-09-30 | 0.51 | −0.00 | −0.74% |
| Q2 2017 | 2017-06-30 | 0.50 | −0.01 | −1.19% |
| Q1 2017 | 2017-03-31 | 0.50 | −0.03 | −6.10% |
| Q4 2016 | 2016-12-31 | 0.51 | 0.09 | +21.39% |
| Q3 2016 | 2016-09-30 | 0.51 | 0.12 | +29.86% |
| Q2 2016 | 2016-06-30 | 0.51 | 0.11 | +28.89% |
| Q1 2016 | 2016-03-31 | 0.54 | 0.15 | +39.35% |
| Q4 2015 | 2015-12-31 | 0.42 | 0.04 | +9.52% |
| Q3 2015 | 2015-09-30 | 0.39 | 0.01 | +1.80% |
| Q2 2015 | 2015-06-30 | 0.39 | 0.01 | +1.59% |
| Q1 2015 | 2015-03-31 | 0.38 | 0.00 | +0.82% |
| Q4 2014 | 2014-12-31 | 0.38 | −0.00 | −1.17% |
| Q3 2014 | 2014-09-30 | 0.39 | 0.03 | +9.22% |
| Q2 2014 | 2014-06-30 | 0.39 | 0.04 | +10.83% |
| Q1 2014 | 2014-03-31 | 0.38 | 0.03 | +9.22% |
| Q4 2013 | 2013-12-31 | 0.39 | 0.03 | +8.92% |
| Q3 2013 | 2013-09-30 | 0.36 | −0.03 | −8.53% |
| Q2 2013 | 2013-06-30 | 0.35 | −0.05 | −11.60% |
| Q1 2013 | 2013-03-31 | 0.35 | −0.05 | −11.79% |
| Q4 2012 | 2012-12-31 | 0.35 | −0.04 | −10.28% |
| Q3 2012 | 2012-09-30 | 0.39 | −0.03 | −6.82% |
| Q2 2012 | 2012-06-30 | 0.40 | −0.01 | −3.36% |
| Q1 2012 | 2012-03-31 | 0.40 | −0.00 | −0.08% |
| Q4 2011 | 2011-12-31 | 0.39 | 0.01 | +1.65% |
| Q3 2011 | 2011-09-30 | 0.42 | 0.04 | +10.20% |
| Q2 2011 | 2011-06-30 | 0.41 | 0.05 | +13.45% |
| Q1 2011 | 2011-03-31 | 0.40 | — | — |
| Q4 2010 | 2010-12-31 | 0.39 | 0.07 | +22.48% |
| Q3 2010 | 2010-09-30 | 0.38 | — | — |
| Q2 2010 | 2010-06-30 | 0.36 | — | — |
| Q4 2009 | 2009-12-31 | 0.32 | — | — |
Black Hills debt-to-assets ratio trends
Over the last five fiscal years, Black Hills's debt-to-assets ratio decreased from 0.47 to 0.43, a change of −0.03. The latest reported quarter, Q2 2026, shows 0.41.
About the metric
What the debt-to-assets ratio means
The debt-to-assets ratio shows the portion of a company’s reported assets financed with interest-bearing debt. It is a leverage measure and should not be confused with total liabilities divided by assets.
Calculation and source
How debt-to-assets is calculated
TickerStat calculates debt-to-assets as total interest-bearing debt divided by total assets at the same reporting-period end. Periods with missing debt or non-positive assets are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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