Black Hills Corporation (BKH) Debt to Equity Ratio: 1.23
Is Black Hills Corporation’s debt to equity ratio high or low?
Black Hills Corporation's debt to equity ratio of 1.23 is 13% below its 5-year average of 1.42, near the low end of its 5-year range (1.23–1.63).
As of Saturday, June 20, 2026. 0.81% below its 12-month average of 1.24.
BKH Debt to Equity Ratio Chart
BKH Average Debt to Equity Ratio Chart
BKH Current vs Average Debt to Equity Ratio Chart
BKH Debt to Equity Ratio Metrics
DEBT TO EQUITY RATIO
1.23
DEBT TO EQUITY RATIO AVG TTM
1.24
DEBT TO EQUITY RATIO AVG 3Y
1.35
DEBT TO EQUITY RATIO AVG 5Y
1.42
DEBT TO EQUITY RATIO AVG 10Y
1.52
DEBT TO EQUITY RATIO AVG 15Y
1.34
DEBT TO EQUITY RATIO AVG 20Y
1.29
CURRENT VS TTM AVG
-0.81%
CURRENT VS 3Y AVG
-9.06%
CURRENT VS 5Y AVG
-13.28%
CURRENT VS 10Y AVG
-19.27%
CURRENT VS 15Y AVG
-8.40%
CURRENT VS 20Y AVG
-4.61%
BKH Competitors' Debt to Equity Ratio
| NAME | MARKET CAP | DEBT TO EQUITY RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Black Hills Corporation (BKH) | $5.54B | 1.23 | 1.24 | 1.35 | 1.42 |
| Clearway Energy, Inc. (CWEN-A)vs › | $8.31B | 5.30 | 4.53 | 4.12 | 4.17 |
| The AES Corporation (AES)vs › | $10.43B | 4.40 | 6.18 | 8.20 | 7.84 |
| Brookfield Renewable Partners L.P. (BEP)vs › | $10.69B | 7.78 | 5.73 | 4.19 | 3.75 |
| Alliant Energy Corporation (LNT)vs › | $18.85B | 1.68 | 1.58 | 1.49 | 1.42 |
| Talen Energy Corporation (TLN)vs › | $19.81B | 6.24 | 4.21 | 3.19 | 4.01 |
| NiSource Inc. (NI)vs › | $22.66B | 1.72 | 1.67 | 1.64 | 1.62 |
| CMS Energy Corporation (CMS)vs › | $22.67B | 2.07 | 2.04 | 2.05 | 2.06 |
| American Water Works Company, Inc. (AWK)vs › | $24.42B | 1.47 | 1.42 | 1.43 | 1.49 |
| Eversource Energy (ES)vs › | $26.17B | 1.87 | 1.91 | 1.80 | 1.64 |
Financial Health
Debt/Equity
1.23
Current Ratio
1.35
Black Hills Corporation Debt to Equity Ratio Formula & Definition
Debt to Equity measures financial leverage by comparing total debt to shareholders' equity.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Black Hills Corporation Debt to Equity Ratio FAQ
- What is the debt to equity ratio for Black Hills Corporation (BKH)?
- The debt to equity ratio for BKH stock is 1.23.
- Is Black Hills Corporation's debt to equity ratio high or low?
- Black Hills Corporation's debt to equity ratio of 1.23 is 13% below its 5-year average of 1.42, near the low end of its 5-year range (1.23–1.63).
- What is the TTM average debt to equity ratio for Black Hills Corporation (BKH)?
- The TTM average debt to equity ratio for BKH stock is 1.24.
- What is the 3Y average debt to equity ratio for Black Hills Corporation (BKH)?
- The 3Y average debt to equity ratio for BKH stock is 1.35.
- What is the 5Y average debt to equity ratio for Black Hills Corporation (BKH)?
- The 5Y average debt to equity ratio for BKH stock is 1.42.
- What is the 10Y average debt to equity ratio for Black Hills Corporation (BKH)?
- The 10Y average debt to equity ratio for BKH stock is 1.52.
- What is the 15Y average debt to equity ratio for Black Hills Corporation (BKH)?
- The 15Y average debt to equity ratio for BKH stock is 1.34.
- What is the 20Y average debt to equity ratio for Black Hills Corporation (BKH)?
- The 20Y average debt to equity ratio for BKH stock is 1.29.
Black Hills Corporation Debt to Equity Ratio History
| DATE | DEBT TO EQUITY RATIO |
|---|---|
| 2025-12-31 | 1.23 |
| 2024-12-31 | 1.25 |
| 2023-12-31 | 1.37 |
| 2022-12-31 | 1.56 |
| 2021-12-31 | 1.63 |
| 2020-12-31 | 1.47 |
| 2019-12-31 | 1.48 |
| 2018-12-31 | 1.44 |
| 2017-12-31 | 1.95 |
| 2016-12-31 | 2.05 |
| 2015-12-31 | 1.33 |
| 2014-12-31 | 1.18 |
| 2013-12-31 | 1.13 |
| 2012-12-31 | 1.07 |
| 2011-12-31 | 1.35 |
| 2010-12-31 | 1.31 |
| 2009-12-31 | 1.12 |
| 2008-12-31 | 1.15 |
| 2007-12-31 | 0.77 |
| 2006-12-31 | 1.00 |
| 2005-12-31 | 1.00 |
| 2004-12-31 | 1.05 |
| 2003-12-31 | 1.25 |
| 2002-12-31 | 1.20 |
| 2001-12-31 | 1.58 |
| 2000-12-31 | 1.89 |
| 1999-12-31 | 1.20 |
| 1998-12-31 | 0.81 |
| 1997-12-31 | 0.80 |
| 1996-12-31 | 0.86 |
Related Metrics
About Black Hills Corporation
Black Hills Corporation operates as an American utility firm, delivering both electric power and natural gas through its subsidiaries. Its business is organized into two primary divisions: Electric Utilities and Gas Utilities. The Electric Utilities segment is responsible for generating, transmitting, and distributing electricity to approximately 218,000 customers spanning Colorado, Montana, South Dakota, and Wyoming. This division manages 1,481.5 megawatts of power generation capacity and maintains 8,892 miles of electric transmission and distribution lines. Electric power generation is diversified, utilizing wind, natural gas, and coal-fired plants, and the company also operates a coal mine near Gillette, Wyoming. Conversely, the Gas Utilities segment provides natural gas to roughly 1,094,000 utility clients across Arkansas, Colorado, Iowa, Kansas, Nebraska, and Wyoming. This operation includes overseeing 4,732 miles of intrastate gas transmission pipelines, 41,644 miles of gas distribution mains and service lines, six natural gas storage facilities, around 50,000 horsepower of compression, and 515 miles of gathering lines. Beyond these core utility offerings, Black Hills Corporation also constructs and maintains gas infrastructure for various gas transportation customers. It provides appliance repair services for residential utility subscribers and offers electrical system construction to large industrial clients. Founded in 1941, the company's headquarters are situated in Rapid City, South Dakota.
- Sector
- Utilities
- Industry
- Diversified Utilities
- CEO
- Linden R. Evans