Black Hills Corporation (BKH)

Solvency & Capital Structure

Total Debt

$4.65B

Net Debt

$4.62B

Black Hills Corporation currently has $4.65B in total debt. Net debt is $4.62B after cash offsets.

Financial Fundamentals

BKH • Quarterly Data • 5Y View

Date	Total Debt ($B)	Cash & Inv. ($B)	Net Debt ($B)	Total Assets	Debt/Assets
2026-03-31	4.65	0.03	4.62	10.82	43.0%
2025-12-31	4.70	0.18	4.52	10.87	43.2%
2025-09-30	4.38	0.02	4.36	10.33	42.4%
2025-06-30	4.38	0.01	4.37	10.09	43.4%
2025-03-31	4.31	0.01	4.30	10.06	42.9%
2024-12-31	4.38	0.02	4.37	10.02	43.7%
2024-09-30	4.27	0.01	4.25	9.72	43.9%
2024-06-30	4.85	0.62	4.22	10.19	47.6%
2024-03-31	4.40	0.12	4.28	9.68	45.5%
2023-12-31	4.40	0.09	4.31	9.62	45.7%
2023-09-30	4.92	0.59	4.33	9.93	49.6%
2023-06-30	4.48	0.15	4.33	9.41	47.6%
2023-03-31	4.48	0.04	4.44	9.46	47.4%
2022-12-31	4.67	0.02	4.65	9.62	48.5%
2022-09-30	4.63	0.01	4.62	9.32	49.7%
2022-06-30	4.46	0.01	4.45	9.13	48.9%
2022-03-31	4.47	0.02	4.45	9.13	49.0%
2021-12-31	4.55	0.01	4.54	9.13	49.8%
2021-09-30	4.46	0.01	4.45	8.91	50.0%
2021-06-30	4.37	0.00	4.37	8.74	50.0%
2021-03-31	4.35	0.01	4.34	8.70	50.0%
2020-12-31	3.77	0.01	3.76	8.09	46.6%
2020-09-30	3.62	0.01	3.61	7.83	46.3%
2020-06-30	3.54	0.03	3.51	7.69	46.0%
2020-03-31	3.46	0.05	3.41	7.65	45.3%
2019-12-31	3.50	0.01	3.49	7.56	46.2%
2019-09-30	3.35	0.01	3.34	7.27	46.0%
2019-06-30	3.16	0.01	3.15	7.08	44.6%
2019-03-31	3.12	0.01	3.11	7.04	44.3%
2018-12-31	3.14	0.02	3.12	6.96	45.1%
2018-09-30	3.32	0.01	3.31	6.66	49.8%
2018-06-30	3.24	0.01	3.23	6.57	49.2%
2018-03-31	3.28	0.03	3.25	6.63	49.5%
2017-12-31	3.33	0.02	3.31	6.66	50.0%
2017-09-30	3.34	0.01	3.33	6.55	51.0%
2017-06-30	3.27	0.01	3.26	6.49	50.5%
2017-03-31	3.27	0.01	3.26	6.48	50.5%
2016-12-31	3.31	0.01	3.30	6.52	50.9%
2016-09-30	3.29	0.06	3.23	6.45	51.0%
2016-06-30	3.23	0.12	3.11	6.39	50.5%
2016-03-31	3.37	0.05	3.33	6.32	53.4%
2015-12-31	1.94	0.46	1.49	4.66	41.7%
2015-09-30	1.69	0.04	1.65	4.25	39.7%
2015-06-30	1.67	0.09	1.59	4.22	39.7%
2015-03-31	1.65	0.06	1.58	4.32	38.1%
2014-12-31	1.62	0.02	1.60	4.28	37.8%
2014-09-30	1.57	0.01	1.55	4.07	38.5%
2014-06-30	1.53	0.01	1.51	3.97	38.5%
2014-03-31	1.50	0.02	1.48	3.96	37.8%
2013-12-31	1.48	0.01	1.47	3.88	38.2%
2013-09-30	1.35	0.01	1.34	3.80	35.5%
2013-06-30	1.31	0.03	1.28	3.75	35.1%
2013-03-31	1.29	0.01	1.27	3.69	34.9%
2012-12-31	1.32	0.02	1.30	3.73	35.4%
2012-09-30	1.50	0.25	1.25	3.85	38.8%
2012-06-30	1.50	0.04	1.46	3.77	39.7%
2012-03-31	1.51	0.06	1.45	3.81	39.5%
2011-12-31	1.63	0.02	1.61	4.13	39.4%
2011-09-30	1.64	0.07	1.57	3.95	41.6%
2011-06-30	1.57	0.09	1.48	3.81	41.1%
2011-03-31	1.48	0.04	1.43	3.73	39.6%
2010-12-31	1.44	0.09	1.35	3.71	38.8%
2010-09-30	1.34	0.13	1.21	3.54	37.8%
2010-06-30	1.22	0.06	1.16	3.37	36.2%
2010-03-31	1.24	0.19	1.05	3.36	36.9%
2009-12-31	1.22	0.15	1.07	3.32	36.6%
2009-09-30	1.10	0.14	0.96	3.17	34.8%
2009-06-30	1.02	0.12	0.90	3.11	32.8%
2009-03-31	0.98	0.12	0.86	3.08	31.9%
2008-12-31	1.21	0.17	1.04	3.38	35.7%
2008-09-30	1.13	0.15	0.98	3.23	35.1%
2008-06-30	0.79	0.04	0.75	2.66	29.5%
2008-03-31	0.78	0.08	0.70	2.53	30.8%
2007-12-31	0.74	0.09	0.66	2.47	30.1%
2007-09-30	0.71	0.09	0.62	2.36	29.9%
2007-06-30	0.73	0.05	0.68	2.40	30.2%
2007-03-31	0.64	0.08	0.56	2.29	28.0%
2006-12-31	0.79	0.04	0.75	2.24	35.2%
2006-09-30	0.80	0.05	0.75	2.15	37.1%
2006-06-30	0.77	0.04	0.73	2.04	37.7%
2006-03-31	0.74	0.04	0.69	1.96	37.5%
2005-12-31	0.74	0.03	0.70	2.12	34.8%
2005-09-30	0.73	0.05	0.67	2.29	31.7%
2005-06-30	0.70	0.06	0.64	2.09	33.5%
2005-03-31	0.80	0.07	0.73	2.15	37.1%
2004-12-31	0.77	0.06	0.71	2.06	37.6%
2004-09-30	0.80	0.08	0.72	2.03	39.3%
2004-06-30	0.81	0.10	0.70	2.01	40.1%
2004-03-31	0.84	0.19	0.65	2.06	40.8%
2003-12-31	0.89	0.17	0.71	2.06	42.9%
2003-09-30	0.77	0.27	0.50	1.99	38.4%
2003-06-30	0.85	0.08	0.77	2.10	40.6%
2003-03-31	0.98	0.07	0.91	2.13	46.0%
2002-12-31	0.64	0.08	0.56	2.04	31.6%
2002-09-30	0.96	0.07	0.89	1.90	50.5%
2002-06-30	0.92	0.05	0.86	1.84	49.9%
2002-03-31	0.90	0.07	0.83	1.78	50.5%
2001-12-31	0.81	0.03	0.78	1.66	49.0%
2001-09-30	0.78	0.05	0.72	1.65	47.1%
2001-06-30	0.52	0.04	0.49	1.40	37.1%
2001-03-31	0.55	0.09	0.46	1.26	43.8%
2000-12-31	0.53	0.02	0.51	1.32	40.3%
2000-09-30	0.39	0.01	0.38	1.00	39.1%
2000-06-30	0.29	0.01	0.28	0.80	36.7%
2000-03-31	0.28	0.01	0.27	0.72	38.9%
1999-12-31	0.26	0.02	0.24	0.67	38.5%
1999-09-30	0.19	0.01	0.17	0.63	29.5%
1999-06-30	0.17	0.02	0.15	0.58	29.1%
1999-03-31	0.17	0.02	0.15	0.56	29.8%
1998-12-31	0.17	0.01	0.15	0.56	30.1%
1998-09-30	0.16	0.01	0.15	0.54	30.7%
1998-06-30	0.16	0.01	0.15	0.53	31.1%
1998-03-31	0.16	0.02	0.14	0.53	30.7%
1997-12-31	0.16	0.02	0.15	0.51	32.4%
1997-09-30	0.17	0.01	0.16	0.51	32.8%
1997-06-30	0.17	0.01	0.15	0.47	35.1%
1997-03-31	0.17	0.02	0.15	0.47	35.1%
1996-12-31	0.17	0.01	0.15	0.47	35.6%
1996-09-30	0.17	0.01	0.16	0.46	36.3%
1996-06-30	0.17	0.00	0.16	0.45	37.6%