What Does American Electric Power's Debt Look Like?
Portfolio Pulse from Benzinga Insights
Over the past three months, shares of American Electric Power Inc. (NASDAQ:AEP) decreased by 4.72%. The company's total debt is at $43.21 billion, with $36.24 billion in long-term debt and $6.97 billion in current debt. Adjusting for $343.50 million in cash-equivalents, the net debt is $42.86 billion. The debt-ratio is at 0.46, considering the company's $94.52 billion in total assets.
June 23, 2023 | 2:46 pm
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American Electric Power's shares have decreased by 4.72% in the past three months. The company has a total debt of $43.21 billion, with a debt-ratio of 0.46.
The decrease in American Electric Power's share price over the past three months could be attributed to its high debt levels. With a debt-ratio of 0.46, investors may be concerned about the company's ability to manage its debt, which could negatively impact its stock price in the short term.
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