KPIs & Operating Metrics(New)
Growth Metrics

Black Hills (BKH) Debt to Equity (2016 - 2025)

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

  • Quarterly results put Debt to Equity at $1.21 for Q4 2025, down 3.75% from a year ago — trailing twelve months through Dec 2025 was $1.21 (down 3.75% YoY), and the annual figure for FY2025 was $1.21, down 3.75%.
  • Debt to Equity for Q4 2025 was $1.21 at Black Hills, up from $1.13 in the prior quarter.
  • Over the last five years, Debt to Equity for BKH hit a ceiling of $1.55 in Q3 2022 and a floor of $1.1 in Q2 2025.
  • Median Debt to Equity over the past 5 years was $1.27 (2021), compared with a mean of $1.29.
  • Peak annual rise in Debt to Equity hit 8.7% in 2024, while the deepest fall reached 20.38% in 2024.
  • Black Hills' Debt to Equity stood at $1.43 in 2021, then dropped by 6.24% to $1.34 in 2022, then decreased by 14.09% to $1.15 in 2023, then increased by 8.7% to $1.25 in 2024, then fell by 3.75% to $1.21 in 2025.
  • The last three reported values for Debt to Equity were $1.21 (Q4 2025), $1.13 (Q3 2025), and $1.1 (Q2 2025) per Business Quant data.