Northwestern Energy Group (NWE) Debt/Assets Ratio: History & Chart

Northwestern Energy Group Inc(NWE)

Regulated Electric · Sioux Falls, SD

$69.10+0.33 (+0.49%)

Delayed quote: Oct 6, 2026, 2:40 PM EDT

About Northwestern Energy Group Inc

NorthWestern Corporation, which conducts business under the name NorthWestern Energy, supplies electricity and natural gas to residential, commercial, and diverse industrial clients. The company organizes its operations into two primary divisions: Electric and Natural Gas. In its Electric segment, NorthWestern Energy is responsible for generating, procuring, transmitting, and distributing electrical power. For its Natural Gas segment, the firm undertakes the production, purchase, storage, transmission, and delivery of natural gas, additionally holding local government authorizations to provide gas services in various communities. The company's extensive infrastructure in Montana encompasses 6,819 miles of electric transmission lines, 18,177 miles of electric distribution lines, and roughly 400 transmission and distribution substations. Its natural gas network in Montana features 2,166 miles of transmission lines, 4,945 miles of distribution lines, and approximately 138 city gate stations. Furthermore, in South Dakota, NorthWestern Energy manages 1,308 miles of electric transmission and 2,320 miles of electric distribution lines. Its natural gas facilities in South Dakota include 55 miles of transmission lines, while a combined 2,517 miles of natural gas distribution lines serve both South Dakota and Nebraska. Collectively, NorthWestern Energy caters to approximately 753,600 customers situated across Montana, South Dakota, Nebraska, and Yellowstone National Park. The corporation was founded in 1923 and is based in Sioux Falls, South Dakota.

Sioux Falls, SD

1,667 employees

www.northwesternenergy.com

Utilities / Regulated Electric

Sector: Utilities
Industry: Regulated Electric
CEO: Brian Bird

View full financials

NWE Debt to Assets Ratio Metrics

DEBT TO ASSETS RATIO

41.32%

DEBT TO ASSETS RATIO AVG TTM

39.85%

DEBT TO ASSETS RATIO AVG 3Y

38.28%

DEBT TO ASSETS RATIO AVG 5Y

37.72%

DEBT TO ASSETS RATIO AVG 10Y

37.62%

DEBT TO ASSETS RATIO AVG 15Y

36.98%

DEBT TO ASSETS RATIO AVG 20Y

36.05%

CURRENT VS TTM AVG

+3.69%

CURRENT VS 3Y AVG

+7.95%

CURRENT VS 5Y AVG

+9.55%

CURRENT VS 10Y AVG

+9.84%

CURRENT VS 15Y AVG

+11.73%

CURRENT VS 20Y AVG

+14.64%

SECTOR MEDIAN · UTILITIES

0.43%

median of 68 covered companies

CURRENT VS SECTOR MEDIAN

+9509.93%

vs the sector median at left

NAME	MARKET CAP	DEBT TO ASSETS RATIO	TTM	3Y	5Y
Northwestern Energy Group Inc (NWE)	$4.25B	41.32%	39.85%	38.28%	37.72%
Fervo Energy Company (FRVO)vs ›	$4.04B	0.10%	N/A	N/A	N/A
SOLV Energy, Inc. Class A Common Stock (MWH)vs ›	$3.25B	0.04%	N/A	N/A	N/A
Black Hills Corporation (BKH)vs ›	$5.40B	0.41%	N/A	N/A	N/A
Avista Corporation (AVA)vs ›	$2.94B	0.39%	N/A	N/A	N/A
MGE Energy, Inc. (MGEE)vs ›	$2.66B	0.27%	N/A	N/A	N/A
ReNew Energy Global Plc (RNW)vs ›	$2.50B	0.74%	N/A	N/A	N/A
H2O America (HTO)vs ›	$2.43B	0.35%	N/A	N/A	N/A
newcleo plc Ordinary Shares (NWCL)vs ›	$2.31B	N/A	N/A	N/A	N/A
Clearway Energy, Inc. (CWEN)vs ›	$6.23B	0.59%	N/A	N/A	N/A

NAME

MARKET CAP

DEBT TO ASSETS RATIO

TTM

Northwestern Energy Group Inc (NWE)

$4.25B

41.32%

39.85%

38.28%

37.72%

Fervo Energy Company (FRVO)vs ›

$4.04B

0.10%

N/A

SOLV Energy, Inc. Class A Common Stock (MWH)vs ›

$3.25B

0.04%

N/A

Black Hills Corporation (BKH)vs ›

$5.40B

0.41%

N/A

Avista Corporation (AVA)vs ›

$2.94B

0.39%

N/A

MGE Energy, Inc. (MGEE)vs ›

$2.66B

0.27%

N/A

ReNew Energy Global Plc (RNW)vs ›

$2.50B

0.74%

N/A

H2O America (HTO)vs ›

$2.43B

0.35%

N/A

newcleo plc Ordinary Shares (NWCL)vs ›

$2.31B

N/A

Clearway Energy, Inc. (CWEN)vs ›

$6.23B

0.59%

N/A

Debt to Assets Ratio FAQ

What is the debt to assets ratio for Northwestern Energy Group Inc (NWE)?

The debt to assets ratio for NWE stock is 41.32%.

Is Northwestern Energy Group Inc's debt to assets ratio high or low?

The debt to assets ratio of 41.32% is in line with its 5-year average of 37.72%, near the high end of its 5-year range (35.66%–41.32%).

What is the TTM average debt to assets ratio for Northwestern Energy Group Inc (NWE)?

The TTM average debt to assets ratio for NWE stock is 39.85%.

What is the 3Y average debt to assets ratio for Northwestern Energy Group Inc (NWE)?

The 3Y average debt to assets ratio for NWE stock is 38.28%.

What is the 5Y average debt to assets ratio for Northwestern Energy Group Inc (NWE)?

The 5Y average debt to assets ratio for NWE stock is 37.72%.

What is the 10Y average debt to assets ratio for Northwestern Energy Group Inc (NWE)?

The 10Y average debt to assets ratio for NWE stock is 37.62%.

What is the 15Y average debt to assets ratio for Northwestern Energy Group Inc (NWE)?

The 15Y average debt to assets ratio for NWE stock is 36.98%.

What is the 20Y average debt to assets ratio for Northwestern Energy Group Inc (NWE)?

The 20Y average debt to assets ratio for NWE stock is 36.05%.

DATE	DEBT TO ASSETS RATIO
2026-06-30	41.32%
2026-03-31	38.27%
2025-12-31	40.64%
2025-09-30	39.79%
2025-06-30	39.25%
2025-03-31	38.70%
2024-12-31	38.77%
2024-09-30	37.87%
2024-06-30	37.62%
2024-03-31	36.35%
2023-12-31	36.75%
2023-09-30	35.72%
2023-06-30	36.58%
2023-03-31	35.66%
2022-12-31	35.95%
2022-09-30	36.07%
2022-06-30	36.61%
2022-03-31	36.98%
2021-12-31	37.70%
2021-09-30	37.18%
2021-06-30	38.37%
2021-03-31	38.15%
2020-12-31	38.07%
2020-09-30	37.97%
2020-06-30	38.12%
2020-03-31	37.85%
2019-12-31	37.04%
2019-09-30	37.81%
2019-06-30	38.11%
2019-03-31	36.88%
2018-12-31	37.64%
2018-09-30	37.07%
2018-06-30	37.38%
2018-03-31	37.78%
2017-12-31	39.43%
2017-09-30	37.11%
2017-06-30	38.20%
2017-03-31	37.24%
2016-12-31	38.56%
2016-09-30	37.89%
2016-06-30	38.77%
2016-03-31	37.22%
2015-12-31	38.65%
2015-09-30	38.75%
2015-06-30	38.76%
2015-03-31	38.11%
2014-12-31	39.40%
2014-09-30	35.68%
2014-06-30	35.83%
2014-03-31	33.89%
2013-12-31	35.73%
2013-09-30	32.75%
2013-06-30	32.45%
2013-03-31	32.52%
2012-12-31	34.75%
2012-09-30	32.92%
2012-06-30	33.16%
2012-03-31	32.71%
2011-12-31	34.58%
2011-09-30	34.50%
2011-06-30	34.48%
2011-03-31	34.25%
2010-12-31	36.34%
2010-09-30	36.57%
2010-06-30	36.73%
2010-03-31	35.19%
2009-12-31	36.64%
2009-09-30	33.67%
2009-06-30	33.33%
2009-03-31	33.61%
2008-12-31	32.59%
2008-09-30	33.30%
2008-06-30	31.24%
2008-03-31	32.02%
2007-12-31	33.23%
2007-09-30	30.28%
2007-06-30	31.15%
2007-03-31	31.18%
2006-12-31	31.18%
2006-09-30	30.99%
2006-06-30	30.18%
2006-03-31	29.41%
2005-12-31	30.95%
2005-09-30	31.24%
2005-06-30	33.60%
2005-03-31	33.90%
2004-12-31	34.68%
2004-09-30	37.21%
2004-06-30	37.67%
2004-03-31	37.09%
2003-12-31	37.61%
2003-09-30	36.20%
2003-06-30	68.09%
2003-03-31	67.13%
2002-12-31	65.92%
2002-09-30	43.40%

DATE

DEBT TO ASSETS RATIO

2026-06-30

41.32%

2026-03-31

38.27%

2025-12-31

40.64%

2025-09-30

39.79%

2025-06-30

39.25%

2025-03-31

38.70%

2024-12-31

38.77%

2024-09-30

37.87%

2024-06-30

37.62%

2024-03-31

36.35%

2023-12-31

36.75%

2023-09-30

35.72%

2023-06-30

36.58%

2023-03-31

35.66%

2022-12-31

35.95%

2022-09-30

36.07%

2022-06-30

36.61%

2022-03-31

36.98%

2021-12-31

37.70%

2021-09-30

37.18%

2021-06-30

38.37%

2021-03-31

38.15%

2020-12-31

38.07%

2020-09-30

37.97%

2020-06-30

38.12%

2020-03-31

37.85%

2019-12-31

37.04%

2019-09-30

37.81%

2019-06-30

38.11%

2019-03-31

36.88%

2018-12-31

37.64%

2018-09-30

37.07%

2018-06-30

37.38%

2018-03-31

37.78%

2017-12-31

39.43%

2017-09-30

37.11%

2017-06-30

38.20%

2017-03-31

37.24%

2016-12-31

38.56%

2016-09-30

37.89%

2016-06-30

38.77%

2016-03-31

37.22%

2015-12-31

38.65%

2015-09-30

38.75%

2015-06-30

38.76%

2015-03-31

38.11%

2014-12-31

39.40%

2014-09-30

35.68%

2014-06-30

35.83%

2014-03-31

33.89%

2013-12-31

35.73%

2013-09-30

32.75%

2013-06-30

32.45%

2013-03-31

32.52%

2012-12-31

34.75%

2012-09-30

32.92%

2012-06-30

33.16%

2012-03-31

32.71%

2011-12-31

34.58%

2011-09-30

34.50%

2011-06-30

34.48%

2011-03-31

34.25%

2010-12-31

36.34%

2010-09-30

36.57%

2010-06-30

36.73%

2010-03-31

35.19%

2009-12-31

36.64%

2009-09-30

33.67%

2009-06-30

33.33%

2009-03-31

33.61%

2008-12-31

32.59%

2008-09-30

33.30%

2008-06-30

31.24%

2008-03-31

32.02%

2007-12-31

33.23%

2007-09-30

30.28%

2007-06-30

31.15%

2007-03-31

31.18%

2006-12-31

31.18%

2006-09-30

30.99%

2006-06-30

30.18%

2006-03-31

29.41%

2005-12-31

30.95%

2005-09-30

31.24%

2005-06-30

33.60%

2005-03-31

33.90%

2004-12-31

34.68%

2004-09-30

37.21%

2004-06-30

37.67%

2004-03-31

37.09%

2003-12-31

37.61%

2003-09-30

36.20%

2003-06-30

68.09%

2003-03-31

67.13%

2002-12-31

65.92%

2002-09-30

43.40%

Debt to Assets Ratio: 41.32%

NWE Debt to Assets Ratio

NWE Average Debt to Assets Ratio Chart

NWE Current vs Average Debt to Assets Ratio Chart

NWE Debt to Assets Ratio Metrics

NWE Competitors' Debt to Assets Ratio

Leverage Ratios Comparison

Debt to Assets Ratio Formula & Definition

Debt to Assets Ratio FAQ

NWE Debt to Assets Ratio History

Related Metrics