Black Hills (BKH) Debt Ratio (2009 - 2026)
Black Hills (BKH) posted quarterly Debt Ratio of 0.41 for Q1 2026, down 3.71% year-over-year from 0.42 in Q1 2025, and down 5.92% quarter-over-quarter from 0.43 in Q4 2025.
Black Hills (BKH) Debt Ratio (2009 - 2026) Analysis & Trends
Black Hills (BKH) has reported Debt Ratio for 18 consecutive years, with 0.41 the latest figure, recorded in Q1 2026.
- In Q1 2026, Debt Ratio fell 3.71% year-over-year to 0.41; the TTM figure through Mar 2026 stood at 0.41 (down 3.71% YoY), while the FY2025 annual figure was 0.43, down 1.12% from the prior year.
- Debt Ratio retreated to 0.41 in Q1 2026 per BKH's latest filing, from 0.43 in the prior quarter.
- Across five years, Debt Ratio topped out at 0.5 in Q3 2022 and bottomed at 0.38 in Q3 2023.
- Historically, Debt Ratio has averaged 0.44 across 5 years, with a median of 0.44 in 2024.
- Annual changes were most pronounced in 2022 — Debt Ratio grew 20.74% — and 2023, when it dropped 23.02%.
- Black Hills' Debt Ratio stood at 0.43 in 2022, then gained by 6.21% to 0.46 in 2023, then slipped by 4.39% to 0.44 in 2024, then slipped by 1.12% to 0.43 in 2025, then decreased by 5.92% to 0.41 in 2026.
- Business Quant data shows BKH's Debt Ratio at 0.41 in Q1 2026, 0.43 in Q4 2025, and 0.42 in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Atmos Energy | 28.72 Bn | 28.19 Bn | - | 0.32 |
| 2 | Nisource | 19.98 Bn | 19.91 Bn | 867.50 Mn | 0.45 |
| 3 | Ugi | 8.14 Bn | 7.67 Bn | 573.00 Mn | 0.43 |
| 4 | Black Hills | 5.56 Bn | 5.48 Bn | - | 0.40 |
| 5 | New Jersey Resources | 5.54 Bn | 5.50 Bn | 243.61 Mn | 0.43 |
| 6 | ONE Gas | 5.13 Bn | 5.10 Bn | 272.01 Mn | 0.33 |
| 7 | Mdu Resources | 4.26 Bn | 4.21 Bn | - | 0.33 |
| 8 | Chesapeake Utilities | 3.31 Bn | 3.29 Bn | 150.20 Mn | 0.42 |
| 9 | Centuri Holdings | 2.21 Bn | 2.17 Bn | 69.14 Mn | 0.30 |
| 10 | Brookfield Infrastructure | 2.20 Bn | 1.43 Bn | 572.00 Mn | 0.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 0.40 |
| Mar 31, 2026 | 0.41 |
| Dec 31, 2025 | 0.43 |
| Sep 30, 2025 | 0.42 |
| Jun 30, 2025 | 0.42 |
| Mar 31, 2025 | 0.42 |
| Dec 31, 2024 | 0.44 |
| Sep 30, 2024 | 0.44 |
| Jun 30, 2024 | 0.48 |
| Mar 31, 2024 | 0.45 |
| Dec 31, 2023 | 0.46 |
| Sep 30, 2023 | 0.38 |
| Jun 30, 2023 | 0.42 |
| Mar 31, 2023 | 0.47 |
| Dec 31, 2022 | 0.43 |
| Sep 30, 2022 | 0.50 |
| Jun 30, 2022 | 0.49 |
| Mar 31, 2022 | 0.49 |
| Dec 31, 2021 | 0.45 |
| Sep 30, 2021 | 0.46 |