NorthWestern Energy (NWE) Debt Ratio (2022 - 2026)
NorthWestern Energy's Debt Ratio came in at 0.41 for Q2 2026, up 5.1% from 0.39 a year earlier and up 3.1% from the prior quarter.
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Analysis
NorthWestern Energy (NWE) Debt Ratio (2022 - 2026) Analysis & Trends
Going back to Q4 2022, NorthWestern Energy's Debt Ratio data covers 13 quarters.
- Going back by year, Debt Ratio was 0.39 in FY2024 (+5.6%), 0.37 in FY2023 (-3.0%) and 0.38 in FY2022.
- The Q2 2026 figure represents the highest quarterly Debt Ratio in data going back to Q4 2022.
- Year-over-year, Debt Ratio has increased for eight consecutive quarters, with growth averaging 5.2% over the last eight quarters.
- The fastest year-over-year change in Debt Ratio over five years came in Q1 2025 (growth of 6.6%), and the weakest in Q4 2023 (a decline of 3.0%).
- Business Quant data shows NWE's Debt Ratio at 0.40 (Q1 2026), 0.41 (Q4 2025) and 0.40 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 299.49 Bn | 296.88 Bn | - | 0.02 |
| 2 | Nextera Energy | 179.92 Bn | 166.66 Bn | - | 0.45 |
| 3 | Southern | 105.56 Bn | 96.61 Bn | 5.92 Bn | 0.47 |
| 4 | Duke Energy | 99.44 Bn | 95.69 Bn | 5.66 Bn | 0.45 |
| 5 | National Grid | 82.69 Bn | 64.32 Bn | - | - |
| 6 | American Electric Power | 68.52 Bn | 66.31 Bn | 4.75 Bn | 0.43 |
| 7 | Dominion Energy | 59.67 Bn | 57.66 Bn | - | 0.44 |
| 8 | Entergy | 52.06 Bn | 38.50 Bn | - | 0.43 |
| 9 | Sempra | 51.32 Bn | 50.45 Bn | 2.89 Bn | 0.32 |
| 10 | NorthWestern Energy | 5.13 Bn | 5.10 Bn | 302.78 Mn | 0.41 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.41 |
| Mar 31, 2026 | 0.40 |
| Dec 31, 2025 | 0.41 |
| Sep 30, 2025 | 0.40 |
| Jun 30, 2025 | 0.39 |
| Mar 31, 2025 | 0.39 |
| Dec 31, 2024 | 0.39 |
| Sep 30, 2024 | 0.38 |
| Jun 30, 2024 | 0.38 |
| Mar 31, 2024 | 0.36 |
| Dec 31, 2023 | 0.37 |
| Sep 30, 2023 | 0.36 |
| Dec 31, 2022 | 0.36 |
API Access
NorthWestern Energy Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=NWE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "NWE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=NWE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();