TXNM Debt / Equity | TXNM Energy, Inc.

TXNM ENERGY INC Debt/Equity Ratio

The debt/equity ratio shows how much a company has borrowed for every dollar its shareholders have put in. It is long-term debt, both the part due within a year and the rest, divided by shareholder equity, shown as a multiple with both amounts in the table. A higher ratio means the company relies more on borrowed money than on shareholder capital. Because equity shrinks through buybacks or losses, the ratio can rise even when debt is unchanged, and it has no meaning when equity is negative. Quarterly points use quarter-end balances; annual points use fiscal-year-end balances.

TXNM ENERGY INC debt/equity ratio for the quarter ending 2026-03-31 was 1.54, a 25.18% decline year-over-year.
TXNM ENERGY INC debt/equity ratio for the quarter ending 2025-12-31 was 1.57, a 17.54% decline year-over-year.
TXNM ENERGY INC debt/equity ratio for the quarter ending 2025-09-30 was 1.47, a 25.19% decline year-over-year.
TXNM ENERGY INC debt/equity ratio for the quarter ending 2025-06-30 was 1.62, a 18.09% decline year-over-year.
TXNM ENERGY INC debt/equity ratio for fiscal 2025 was 1.57, a 17.54% decline from fiscal 2024.
TXNM ENERGY INC debt/equity ratio for fiscal 2024 was 1.91, a 1.12% increase from fiscal 2023.
TXNM ENERGY INC debt/equity ratio for fiscal 2023 was 1.88, a 3.78% increase from fiscal 2022.
TXNM ENERGY INC debt/equity ratio for fiscal 2022 was 1.82, a 9.15% increase from fiscal 2021.

Available history: 2009-12-31 to 2026-03-31
Data captured: 2026-03-31

Historical Debt/Equity Ratio

Date	Debt/Equity Ratio	Long-term debt	Shareholder equity
2026-03-31	1.54	$5.42B	$3.51B
2025-12-31	1.57	$5.42B	$3.45B
2025-09-30	1.47	$5.08B	$3.46B
2025-06-30	1.62	$5.2B	$3.22B
2025-03-31	2.06	$5.25B	$2.55B
2024-12-31	1.91	$4.92B	$2.58B
2024-09-30	1.96	$4.92B	$2.51B
2024-06-30	1.97	$4.84B	$2.45B
2024-03-31	1.93	$4.64B	$2.4B
2023-12-31	1.88	$4.52B	$2.4B
2023-09-30	1.93	$4.41B	$2.29B
2023-06-30	1.88	$4.35B	$2.31B
2023-03-31	1.8	$4.08B	$2.26B
2022-12-31	1.82	$4.08B	$2.24B
2022-09-30	1.81	$4.08B	$2.26B
2022-06-30	1.75	$3.83B	$2.19B
2022-03-31	1.75	$3.8B	$2.17B
2021-12-31	1.66	$3.7B	$2.22B
2021-09-30	1.59	$3.5B	$2.2B
2021-06-30	1.6	$3.44B	$2.15B
2021-03-31	1.54	$3.22B	$2.09B
2020-12-31	1.56	$3.3B	$2.11B
2020-09-30	1.79	$3.29B	$1.83B
2020-06-30	1.83	$3.22B	$1.76B
2020-03-31	1.78	$3.01B	$1.69B
2019-12-31	1.73	$3.01B	$1.74B
2019-09-30	1.64	$2.85B	$1.74B
2019-06-30	1.66	$2.77B	$1.67B
2019-03-31	1.68	$2.94B	$1.75B
2018-12-31	1.52	$2.67B	$1.75B
2018-09-30	1.42	$2.61B	$1.84B
2018-06-30	1.45	$2.59B	$1.79B
2018-03-31	1.48	$2.58B	$1.75B
2017-12-31	1.38	$2.44B	$1.76B
2017-09-30	1.34	$2.45B	$1.83B
2017-06-30	-27.73	$2.37B	-$85.6M
2017-03-31	-26.95	$2.38B	-$88.46M
2016-12-31	1.37	$2.39B	$1.74B
2016-09-30	1.31	$2.31B	$1.76B
2016-06-30	1.34	$2.32B	$1.74B
2016-03-31	1.33	$2.27B	$1.71B
2015-12-31	1.21	$2.09B	$1.73B
2015-09-30	1.15	$2.11B	$1.84B
2015-06-30	1.12	$2.03B	$1.81B
2015-03-31	1.19	$2.13B	$1.79B
2014-12-31	1.09	$1.96B	$1.8B
2014-09-30	1.04	$1.88B	$1.8B
2014-06-30	1.06	$1.88B	$1.77B
2014-03-31	1.06	$1.85B	$1.74B
2013-12-31	1	$1.75B	$1.75B
2013-09-30	1	$1.75B	$1.74B
2013-03-31	1.03	$1.76B	$1.71B
2012-12-31	0.99	$1.67B	$1.69B
2012-09-30	0.98	$1.67B	$1.71B
2012-06-30	1	$1.67B	$1.68B
2012-03-31	1.01	$1.67B	$1.66B
2011-12-31	1.01	$1.67B	$1.66B
2011-09-30	0.94	$1.57B	$1.68B
2011-06-30	0.91	$1.57B	$1.73B
2011-03-31	0.91	$1.57B	$1.73B
2010-12-31	0.91	$1.57B	$1.72B
2010-09-30	0.84	$1.57B	$1.86B
2010-06-30	0.86	$1.57B	$1.83B
2009-12-31	0.85	$1.57B	$1.84B

Annual Debt/Equity Ratio

Date	Debt/Equity Ratio	Long-term debt	Shareholder equity
2025-12-31	1.57	$5.42B	$3.45B
2024-12-31	1.91	$4.92B	$2.58B
2023-12-31	1.88	$4.52B	$2.4B
2022-12-31	1.82	$4.08B	$2.24B
2021-12-31	1.66	$3.7B	$2.22B
2020-12-31	1.56	$3.3B	$2.11B
2019-12-31	1.73	$3.01B	$1.74B
2018-12-31	1.52	$2.67B	$1.75B
2017-12-31	1.38	$2.44B	$1.76B
2016-12-31	1.37	$2.39B	$1.74B
2015-12-31	1.21	$2.09B	$1.73B
2014-12-31	1.09	$1.96B	$1.8B
2013-12-31	1	$1.75B	$1.75B
2012-12-31	0.99	$1.67B	$1.69B
2011-12-31	1.01	$1.67B	$1.66B
2010-12-31	0.91	$1.57B	$1.72B
2009-12-31	0.85	$1.57B	$1.84B

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