Txnm Energy annual debt-to-equity ratio
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2025
Txnm Energy Debt-to-Equity Ratio Growth & History (TXNM)
Txnm Energy's debt-to-equity ratio was 1.69 for fiscal 2025.
View full Txnm Energy company overviewTxnm Energy annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 1.69 | −0.61 | −26.57% |
| 2024 | 2024-12-31 | 2.30 | 0.17 | +8.19% |
| 2023 | 2023-12-31 | 2.12 | 0.12 | +5.97% |
| 2022 | 2022-12-31 | 2.00 | 0.22 | +12.35% |
| 2021 | 2021-12-31 | 1.78 | 0.10 | +5.79% |
| 2020 | 2020-12-31 | 1.69 | −0.30 | −15.15% |
| 2019 | 2019-12-31 | 1.99 | 0.27 | +15.46% |
| 2018 | 2018-12-31 | 1.72 | 0.10 | +6.37% |
| 2017 | 2017-12-31 | 1.62 | 0.02 | +1.19% |
| 2016 | 2016-12-31 | 1.60 | 0.18 | +12.95% |
| 2015 | 2015-12-31 | 1.42 | 0.21 | +17.84% |
| 2014 | 2014-12-31 | 1.20 | 0.07 | +6.11% |
| 2013 | 2013-12-31 | 1.13 | −0.01 | −0.57% |
| 2012 | 2012-12-31 | 1.14 | 0.02 | +2.01% |
| 2011 | 2011-12-31 | 1.12 | −0.05 | −4.07% |
| 2010 | 2010-12-31 | 1.16 | 0.09 | +8.72% |
| 2009 | 2009-12-31 | 1.07 | — | — |
Txnm Energy quarterly debt-to-equity ratio
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| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 1.67 | −0.17 | −9.45% |
| Q1 2026 | 2026-03-31 | 1.66 | −0.79 | −32.15% |
| Q4 2025 | 2025-12-31 | 1.69 | −0.61 | −26.57% |
| Q3 2025 | 2025-09-30 | 1.68 | −0.58 | −25.78% |
| Q2 2025 | 2025-06-30 | 1.84 | −0.39 | −17.50% |
| Q1 2025 | 2025-03-31 | 2.45 | 0.29 | +13.60% |
| Q4 2024 | 2024-12-31 | 2.30 | 0.17 | +8.19% |
| Q3 2024 | 2024-09-30 | 2.27 | 0.02 | +0.95% |
| Q2 2024 | 2024-06-30 | 2.23 | 0.13 | +6.31% |
| Q1 2024 | 2024-03-31 | 2.16 | 0.10 | +4.65% |
| Q4 2023 | 2023-12-31 | 2.12 | 0.12 | +5.97% |
| Q3 2023 | 2023-09-30 | 2.24 | 0.33 | +17.10% |
| Q2 2023 | 2023-06-30 | 2.10 | 0.13 | +6.73% |
| Q1 2023 | 2023-03-31 | 2.06 | 0.18 | +9.61% |
| Q4 2022 | 2022-12-31 | 2.00 | 0.22 | +12.35% |
| Q3 2022 | 2022-09-30 | 1.92 | 0.23 | +13.61% |
| Q2 2022 | 2022-06-30 | 1.97 | 0.22 | +12.74% |
| Q1 2022 | 2022-03-31 | 1.88 | 0.14 | +8.19% |
| Q4 2021 | 2021-12-31 | 1.78 | 0.10 | +5.79% |
| Q3 2021 | 2021-09-30 | 1.69 | −0.34 | −16.90% |
| Q2 2021 | 2021-06-30 | 1.74 | −0.38 | −17.91% |
| Q1 2021 | 2021-03-31 | 1.74 | −0.38 | −17.87% |
| Q4 2020 | 2020-12-31 | 1.69 | −0.30 | −15.15% |
| Q3 2020 | 2020-09-30 | 2.03 | 0.07 | +3.33% |
| Q2 2020 | 2020-06-30 | 2.12 | 0.10 | +4.94% |
| Q1 2020 | 2020-03-31 | 2.12 | 0.15 | +7.42% |
| Q4 2019 | 2019-12-31 | 1.99 | 0.27 | +15.46% |
| Q3 2019 | 2019-09-30 | 1.97 | 0.34 | +20.98% |
| Q2 2019 | 2019-06-30 | 2.02 | 0.35 | +21.20% |
| Q1 2019 | 2019-03-31 | 1.97 | 0.30 | +17.71% |
| Q4 2018 | 2018-12-31 | 1.72 | 0.10 | +6.37% |
| Q3 2018 | 2018-09-30 | 1.62 | 0.09 | +5.67% |
| Q2 2018 | 2018-06-30 | 1.67 | 0.08 | +5.00% |
| Q1 2018 | 2018-03-31 | 1.68 | 0.08 | +5.14% |
| Q4 2017 | 2017-12-31 | 1.62 | 0.02 | +1.19% |
| Q3 2017 | 2017-09-30 | 1.54 | −0.04 | −2.60% |
| Q2 2017 | 2017-06-30 | 1.59 | −0.04 | −2.71% |
| Q1 2017 | 2017-03-31 | 1.59 | −0.01 | −0.72% |
| Q4 2016 | 2016-12-31 | 1.60 | 0.18 | +12.95% |
| Q3 2016 | 2016-09-30 | 1.58 | 0.33 | +26.03% |
| Q2 2016 | 2016-06-30 | 1.63 | 0.36 | +28.24% |
| Q1 2016 | 2016-03-31 | 1.60 | 0.31 | +23.65% |
| Q4 2015 | 2015-12-31 | 1.42 | 0.21 | +17.84% |
| Q3 2015 | 2015-09-30 | 1.25 | 0.11 | +9.21% |
| Q2 2015 | 2015-06-30 | 1.27 | 0.11 | +9.20% |
| Q1 2015 | 2015-03-31 | 1.30 | 0.13 | +11.14% |
| Q4 2014 | 2014-12-31 | 1.20 | 0.07 | +6.11% |
| Q3 2014 | 2014-09-30 | 1.15 | 0.03 | +2.60% |
| Q2 2014 | 2014-06-30 | 1.17 | 1.16 | +21129.70% |
| Q1 2014 | 2014-03-31 | 1.17 | −0.01 | −1.00% |
| Q4 2013 | 2013-12-31 | 1.13 | −0.01 | −0.57% |
| Q3 2013 | 2013-09-30 | 1.12 | 0.02 | +2.03% |
| Q2 2013 | 2013-06-30 | 0.01 | −1.17 | −99.53% |
| Q1 2013 | 2013-03-31 | 1.18 | 0.03 | +2.24% |
| Q4 2012 | 2012-12-31 | 1.14 | 0.02 | +2.01% |
| Q3 2012 | 2012-09-30 | 1.10 | −0.07 | −6.07% |
| Q2 2012 | 2012-06-30 | 1.18 | −0.03 | −2.83% |
| Q1 2012 | 2012-03-31 | 1.15 | −0.01 | −0.60% |
| Q4 2011 | 2011-12-31 | 1.12 | −0.05 | −4.07% |
| Q3 2011 | 2011-09-30 | 1.17 | 0.11 | +10.51% |
| Q2 2011 | 2011-06-30 | 1.21 | 0.08 | +7.45% |
| Q1 2011 | 2011-03-31 | 1.16 | — | — |
| Q4 2010 | 2010-12-31 | 1.16 | 0.09 | +8.72% |
| Q3 2010 | 2010-09-30 | 1.06 | — | — |
| Q2 2010 | 2010-06-30 | 1.13 | — | — |
| Q4 2009 | 2009-12-31 | 1.07 | — | — |
Txnm Energy debt-to-equity ratio trends
Over the last five fiscal years, Txnm Energy's debt-to-equity ratio increased from 1.69 to 1.69, a change of 0.00. The latest reported quarter, Q2 2026, shows 1.67.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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