A Look Into American Electric Power's Debt
Portfolio Pulse from Benzinga Insights
American Electric Power's (AEP) total debt stands at $40.06 billion, with $33.63 billion in long-term debt and $6.44 billion in current debt. After adjusting for $509.40 million in cash-equivalents, the company has a net debt of $39.55 billion. AEP's debt-ratio is 0.43, based on its $93.47 billion in total assets.
May 22, 2023 | 1:45 pm
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AEP's debt stands at $40.06 billion, with a net debt of $39.55 billion after adjusting for cash-equivalents. The company's debt-ratio is 0.43.
AEP's high debt levels may be a concern for investors, as it increases the risk of defaulting on loans if interest rates were to rise. The debt-ratio of 0.43 indicates that a significant portion of the company's assets are funded by debt, which could negatively impact its stock price in the short term.
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