Black Hills (BKH) Debt Ratio (2009 - 2026)

Black Hills' Debt Ratio history runs 18 years deep, the most recent figure standing at 0.39 for Q1 2026.

• In Q1 2026, Debt Ratio fell 1.61% year-over-year to 0.39; the TTM figure through Mar 2026 stood at 0.39 (down 1.61% YoY), while the FY2025 annual figure was 0.43, down 1.12% from the prior year.
• Debt Ratio was 0.39 for Q1 2026 at Black Hills, down from 0.43 in the prior quarter.
• In the past five years, Debt Ratio ranged from a high of 0.5 in Q3 2022 to a low of 0.39 in Q1 2026.
• Historically, Debt Ratio has averaged 0.43 across 5 years, with a median of 0.43 in 2022.
• The sharpest annual moves came in 2022 and 2024: Debt Ratio advanced 7.23% in 2022, then fell 11.46% in 2024.
• A 5-year view of Debt Ratio shows it stood at 0.43 in 2022, then advanced by 6.21% to 0.46 in 2023, then dropped by 4.39% to 0.44 in 2024, then dropped by 1.12% to 0.43 in 2025, then decreased by 9.29% to 0.39 in 2026.
• The last three Debt Ratio figures came in at 0.39 (Q1 2026), 0.43 (Q4 2025), and 0.42 (Q3 2025), per Business Quant data.