KPIs & Operating Metrics(New)
Growth Metrics

Black Hills (BKH) Debt to Equity (2016 - 2026)

Black Hills has reported Debt to Equity over the past 17 years, most recently at $1.21 for Q4 2025.

  • For Q4 2025, Debt to Equity fell 3.75% year-over-year to $1.21; the TTM value through Dec 2025 reached $1.21, down 3.75%, while the annual FY2025 figure was $1.21, 3.75% down from the prior year.
  • Debt to Equity for Q4 2025 was $1.21 at Black Hills, up from $1.13 in the prior quarter.
  • Over five years, Debt to Equity peaked at $1.55 in Q3 2022 and troughed at $1.1 in Q2 2025.
  • A 5-year average of $1.29 and a median of $1.27 in 2021 define the central range for Debt to Equity.
  • On a YoY basis, Debt to Equity climbed as much as 8.7% in 2024 and fell as far as 20.38% in 2024.
  • Year by year, Debt to Equity stood at $1.43 in 2021, then decreased by 6.24% to $1.34 in 2022, then fell by 14.09% to $1.15 in 2023, then rose by 8.7% to $1.25 in 2024, then dropped by 3.75% to $1.21 in 2025.
  • Business Quant data shows Debt to Equity for BKH at $1.21 in Q4 2025, $1.13 in Q3 2025, and $1.1 in Q2 2025.