Black Hills (BKH) Debt to Equity (2009 - 2026)

Black Hills has disclosed Debt to Equity across 18 years of filings, most recently posting $1.05 for Q1 2026.

• In Q1 2026, Debt to Equity fell 2.33% year-over-year to $1.05; the TTM figure through Mar 2026 stood at $1.05 (down 2.33% YoY), while the FY2025 annual figure was $1.23, up 0.55% from the prior year.
• Debt to Equity retreated to $1.05 in Q1 2026, from $1.23 in the prior quarter.
• Over the last five years, Debt to Equity for BKH reached as high as $1.55 in Q3 2022 and fell as low as $1.05 in Q1 2026.
• The 5-year median for Debt to Equity is $1.23 (2024), against an average of $1.26.
• Annual changes were most pronounced in 2022 — Debt to Equity increased 5.28% — and 2024, when it declined 20.05%.
• A 5-year view of Debt to Equity shows it stood at $1.34 in 2022, then retreated by 0.7% to $1.33 in 2023, then fell by 8.15% to $1.22 in 2024, then climbed by 0.55% to $1.23 in 2025, then declined by 14.27% to $1.05 in 2026.
• According to Business Quant data, Debt to Equity over the past three periods registered $1.05, $1.23, and $1.14 for Q1 2026, Q4 2025, and Q3 2025 respectively.