MGE Energy, Inc. (MGEE)

Solvency & Capital Structure

Total Debt

$941.1M

Net Debt

$931.6M

MGE Energy, Inc. currently has $941.1M in total debt. Net debt is $931.6M after cash offsets.

Financial Fundamentals

MGEE • Quarterly Data • 5Y View

Date	Total Debt ($B)	Cash & Inv. ($B)	Net Debt ($B)	Total Assets	Debt/Assets
2026-03-31	0.94	0.01	0.93	3.19	29.5%
2025-12-31	0.94	0.01	0.93	3.16	29.7%
2025-09-30	0.84	0.01	0.83	2.99	28.1%
2025-06-30	0.77	0.01	0.76	2.86	27.0%
2025-03-31	0.77	0.04	0.73	2.84	27.0%
2024-12-31	0.79	0.02	0.77	2.83	27.8%
2024-09-30	0.72	0.01	0.71	2.75	26.2%
2024-06-30	0.78	0.02	0.77	2.72	28.7%
2024-03-31	0.76	0.02	0.75	2.67	28.6%
2023-12-31	0.78	0.01	0.77	2.68	29.2%
2023-09-30	0.74	0.01	0.72	2.59	28.4%
2023-06-30	0.75	0.02	0.73	2.56	29.2%
2023-03-31	0.74	0.01	0.72	2.52	29.3%
2022-12-31	0.73	0.01	0.72	2.52	28.9%
2022-09-30	0.67	0.01	0.66	2.47	27.3%
2022-06-30	0.63	0.02	0.61	2.44	26.0%
2022-03-31	0.63	0.03	0.61	2.38	26.7%
2021-12-31	0.64	0.02	0.62	2.37	27.1%
2021-09-30	0.64	0.07	0.57	2.37	26.9%
2021-06-30	0.61	0.03	0.58	2.30	26.5%
2021-03-31	0.59	0.04	0.55	2.27	26.2%
2020-12-31	0.59	0.04	0.55	2.25	26.4%
2020-09-30	0.56	0.05	0.50	2.20	25.4%
2020-06-30	0.56	0.05	0.51	2.16	25.8%
2020-03-31	0.56	0.02	0.55	2.07	27.2%
2019-12-31	0.56	0.02	0.54	2.08	26.9%
2019-09-30	0.57	0.06	0.51	2.07	27.4%
2019-06-30	0.54	0.07	0.47	2.03	26.5%
2019-03-31	0.52	0.01	0.51	1.85	28.1%
2018-12-31	0.51	0.08	0.43	1.99	25.7%
2018-09-30	0.50	0.13	0.37	1.97	25.3%
2018-06-30	0.45	0.10	0.35	1.89	23.7%
2018-03-31	0.42	0.10	0.32	1.84	23.0%
2017-12-31	0.43	0.11	0.32	1.86	23.0%
2017-09-30	0.40	0.10	0.30	1.81	22.1%
2017-06-30	0.39	0.10	0.29	1.79	22.0%
2017-03-31	0.40	0.12	0.28	1.79	22.2%
2016-12-31	0.39	0.10	0.29	1.80	21.5%
2016-09-30	0.39	0.11	0.28	1.76	22.1%
2016-06-30	0.39	0.11	0.28	1.75	22.2%
2016-03-31	0.39	0.10	0.29	1.73	22.5%
2015-12-31	0.40	0.08	0.31	1.73	22.8%
2015-09-30	0.40	0.09	0.30	1.71	23.1%
2015-06-30	0.40	0.08	0.32	1.69	23.5%
2015-03-31	0.40	0.07	0.33	1.68	23.7%
2014-12-31	0.41	0.07	0.34	1.70	23.9%
2014-09-30	0.40	0.09	0.31	1.62	24.7%
2014-06-30	0.40	0.09	0.31	1.60	25.1%
2014-03-31	0.40	0.09	0.31	1.61	25.0%
2013-12-31	0.40	0.07	0.33	1.58	25.6%
2013-09-30	0.40	0.08	0.33	1.64	24.6%
2013-06-30	0.37	0.04	0.33	1.59	23.5%
2013-03-31	0.37	0.05	0.33	1.58	23.5%
2012-12-31	0.36	0.05	0.32	1.59	22.8%
2012-09-30	0.36	0.06	0.30	1.56	23.1%
2012-06-30	0.36	0.04	0.32	1.51	24.1%
2012-03-31	0.36	0.04	0.32	1.48	24.5%
2011-12-31	0.36	0.04	0.32	1.46	24.9%
2011-09-30	0.36	0.04	0.32	1.35	26.9%
2011-06-30	0.36	0.03	0.33	1.33	27.4%
2011-03-31	0.37	0.03	0.33	1.32	27.8%
2010-12-31	0.36	0.01	0.35	1.32	27.2%
2010-09-30	0.37	0.02	0.35	1.29	28.7%
2010-06-30	0.38	0.01	0.36	1.28	29.5%
2010-03-31	0.38	0.01	0.37	1.28	29.9%
2009-12-31	0.39	0.00	0.38	1.28	30.2%
2009-09-30	0.37	0.01	0.37	1.25	29.9%
2009-06-30	0.37	0.01	0.36	1.24	29.6%
2009-03-31	0.37	0.01	0.37	1.24	29.9%
2008-12-31	0.40	0.00	0.39	1.27	31.3%
2008-09-30	0.40	0.00	0.40	1.16	34.8%
2008-06-30	0.37	0.01	0.37	1.13	33.2%
2008-03-31	0.35	0.00	0.35	1.11	31.7%
2007-12-31	0.37	0.00	0.36	1.11	32.9%
2007-09-30	0.34	0.01	0.33	1.05	32.0%
2007-06-30	0.30	0.01	0.29	0.99	29.7%
2007-03-31	0.30	0.01	0.29	0.98	30.6%
2006-12-31	0.31	0.00	0.31	0.98	31.5%
2006-09-30	0.29	0.00	0.29	0.93	31.0%
2006-06-30	0.29	0.00	0.29	0.90	32.3%
2006-03-31	0.29	0.00	0.28	0.90	31.9%
2005-12-31	0.30	0.00	0.30	0.92	33.2%
2005-09-30	0.24	0.00	0.24	0.83	29.5%
2005-06-30	0.23	0.00	0.23	0.81	28.5%
2005-03-31	0.23	0.00	0.23	0.80	28.7%
2004-12-31	0.26	0.00	0.25	0.83	30.9%
2004-09-30	0.23	0.00	0.22	0.77	29.6%
2004-06-30	0.25	0.00	0.25	0.75	33.6%
2004-03-31	0.24	0.01	0.23	0.72	34.0%
2003-12-31	0.25	0.01	0.25	0.72	35.2%
2003-09-30	0.25	0.00	0.24	0.68	36.3%
2003-06-30	0.24	0.01	0.23	0.65	36.5%
2003-03-31	0.23	0.02	0.21	0.65	34.7%
2002-12-31	0.23	0.00	0.22	0.63	36.0%
2002-09-30	0.19	0.00	0.19	0.58	33.1%
2002-06-30	0.18	0.00	0.18	0.55	32.9%
2002-03-31	0.18	0.01	0.16	0.55	32.2%
2001-12-31	0.19	0.00	0.18	0.54	34.6%
2001-09-30	0.02	0.01	0.01	0.53	3.8%
2001-06-30	0.01	0.00	0.01	0.54	2.5%
2001-03-31	0.21	0.01	0.20	0.55	37.3%
2000-12-31	0.23	0.00	0.22	0.57	39.8%
2000-09-30	0.03	0.00	0.02	0.54	4.9%
2000-06-30	0.03	0.00	0.03	0.53	6.6%
2000-03-31	0.01	0.00	0.01	0.49	2.3%
1999-12-31	0.18	0.00	0.17	0.50	35.4%
1999-09-30	0.16	0.01	0.15	0.48	33.4%
1999-06-30	0.16	0.01	0.15	0.48	33.6%
1999-03-31	0.16	0.03	0.13	0.48	33.2%
1998-12-31	0.16	0.01	0.15	0.47	34.3%
1998-09-30	0.16	0.02	0.14	0.47	34.1%
1998-06-30	0.14	0.00	0.14	0.45	31.4%
1998-03-31	0.14	0.01	0.13	0.45	30.7%
1997-12-31	0.16	0.00	0.16	0.47	34.7%
1997-09-30	0.15	0.00	0.15	0.45	32.9%
1997-06-30	0.14	0.00	0.14	0.45	31.8%
1997-03-31	0.14	0.00	0.13	0.45	30.4%
1996-12-31	0.16	0.01	0.15	0.48	32.8%
1996-09-30	0.15	0.01	0.15	0.48	31.7%
1996-06-30	0.14	0.00	0.14	0.47	30.3%