Xcel Energy Inc. (XEL)

Solvency & Capital Structure

Total Debt

$40.51B

Net Debt

$38.49B

Xcel Energy Inc. currently has $40.51B in total debt. Net debt is $38.49B after cash offsets.

Financial Fundamentals

XEL • Quarterly Data • 5Y View

Date	Total Debt ($B)	Cash & Inv. ($B)	Net Debt ($B)	Total Assets	Debt/Assets
2026-06-30	40.51	2.01	38.49	87.17	46.5%
2026-03-31	39.20	1.76	37.44	84.83	46.2%
2025-12-31	34.78	0.27	34.51	81.37	42.7%
2025-09-30	34.64	1.05	33.58	79.15	43.8%
2025-06-30	33.33	1.45	31.87	75.34	44.2%
2025-03-31	32.33	1.12	31.20	72.75	44.4%
2024-12-31	30.21	0.18	30.03	70.03	43.1%
2024-09-30	29.80	1.54	28.26	69.29	43.0%
2024-06-30	30.56	1.60	28.96	67.93	45.0%
2024-03-31	28.62	0.50	28.12	65.58	43.6%
2023-12-31	27.51	0.13	27.39	64.08	42.9%
2023-09-30	27.12	0.59	26.53	62.87	43.1%
2023-06-30	26.80	0.28	26.53	61.66	43.5%
2023-03-31	26.04	0.11	25.93	60.95	42.7%
2022-12-31	26.03	0.11	25.92	61.19	42.5%
2022-09-30	25.33	0.12	25.21	59.98	42.2%
2022-06-30	25.25	0.34	24.91	59.32	42.6%
2022-03-31	24.68	0.09	24.59	57.98	42.6%
2021-12-31	24.74	0.17	24.57	57.85	42.8%
2021-09-30	24.75	0.63	24.12	57.52	43.0%
2021-06-30	24.70	0.54	24.16	56.78	43.5%
2021-03-31	24.48	1.04	23.44	56.51	43.3%
2020-12-31	22.21	0.13	22.08	53.96	41.2%
2020-09-30	22.46	0.89	21.58	53.71	41.8%
2020-06-30	23.25	1.63	21.62	53.46	43.5%
2020-03-31	21.18	0.24	20.94	51.13	41.4%
2019-12-31	20.45	0.25	20.20	50.45	40.5%
2019-09-30	20.20	0.86	19.34	50.24	40.2%
2019-06-30	19.79	0.35	19.44	48.58	40.7%
2019-03-31	18.90	0.09	18.81	47.85	39.5%
2018-12-31	17.25	0.15	17.10	45.99	37.5%
2018-09-30	16.50	0.21	16.29	44.84	36.8%
2018-06-30	16.85	0.33	16.52	44.24	38.1%
2018-03-31	16.00	0.12	15.89	43.16	37.1%
2017-12-31	15.79	0.08	15.71	43.03	36.7%
2017-09-30	15.39	0.17	15.22	42.47	36.2%
2017-06-30	15.38	0.06	15.32	41.86	36.7%
2017-03-31	15.06	0.07	14.98	41.29	36.5%
2016-12-31	14.84	0.09	14.76	41.16	36.1%
2016-09-30	14.48	0.35	14.12	40.32	35.9%
2016-06-30	14.26	0.08	14.19	39.49	36.1%
2016-03-31	13.99	0.10	13.89	39.07	35.8%
2015-12-31	13.90	0.08	13.82	39.05	35.6%
2015-09-30	13.21	0.40	12.81	38.03	34.7%
2015-06-30	13.05	0.14	12.92	37.27	35.0%
2015-03-31	12.73	0.13	12.59	36.88	34.5%
2014-12-31	12.78	0.08	12.70	36.96	34.6%
2014-09-30	12.46	0.14	12.32	35.36	35.2%
2014-06-30	12.54	0.10	12.44	34.72	36.1%
2014-03-31	12.25	0.13	12.12	34.20	35.8%
2013-12-31	11.95	0.11	11.84	33.91	35.2%
2013-09-30	11.50	0.10	11.39	33.13	34.7%
2013-06-30	11.45	0.06	11.39	32.27	35.5%
2013-03-31	11.07	0.11	10.96	31.59	35.1%
2012-12-31	11.00	0.08	10.92	31.14	35.3%
2012-09-30	11.27	0.75	10.52	31.06	36.3%
2012-06-30	10.50	0.06	10.44	29.82	35.2%
2012-03-31	10.25	0.10	10.15	29.45	34.8%
2011-12-31	10.13	0.06	10.07	29.50	34.3%
2011-09-30	9.96	0.19	9.77	28.54	34.9%
2011-06-30	9.97	0.10	9.87	28.00	35.6%
2011-03-31	9.85	0.09	9.76	27.47	35.9%
2010-12-31	9.78	0.11	9.68	27.39	35.7%
2010-09-30	9.32	0.28	9.04	26.30	35.4%
2010-06-30	9.08	0.13	8.95	25.56	35.5%
2010-03-31	8.87	0.14	8.74	25.33	35.0%
2009-12-31	8.89	0.12	8.78	25.49	34.9%
2009-09-30	8.62	0.09	8.53	25.08	34.4%
2009-06-30	8.88	0.38	8.50	24.99	35.6%
2009-03-31	8.56	0.30	8.26	24.63	34.8%
2008-12-31	8.75	0.25	8.50	24.96	35.0%
2008-09-30	8.74	0.38	8.36	24.50	35.7%
2008-06-30	8.55	0.07	8.48	23.72	36.1%
2008-03-31	8.26	0.18	8.08	23.36	35.4%
2007-12-31	8.07	0.05	8.02	23.18	34.8%
2007-09-30	7.98	0.36	7.62	22.82	35.0%
2007-06-30	7.53	0.04	7.49	22.29	33.8%
2007-03-31	7.42	0.07	7.36	21.98	33.8%
2006-12-31	7.41	0.04	7.37	21.96	33.8%
2006-09-30	7.20	0.03	7.17	21.22	33.9%
2006-06-30	7.19	0.16	7.02	21.26	33.8%
2006-03-31	7.13	0.08	7.05	21.14	33.7%
2005-12-31	7.48	0.07	7.41	21.65	34.5%
2005-09-30	7.01	0.19	6.82	21.54	32.5%
2005-06-30	7.01	0.05	6.96	20.47	34.3%
2005-03-31	6.90	0.07	6.83	20.30	34.0%
2004-12-31	7.03	0.02	7.01	20.30	34.6%
2004-09-30	6.79	0.09	6.70	20.06	33.9%
2004-06-30	6.70	0.12	6.58	19.74	33.9%
2004-03-31	6.68	0.53	6.15	19.83	33.7%
2003-12-31	6.71	0.57	6.14	20.21	33.2%
2003-09-30	6.80	0.70	6.11	18.26	37.2%
2003-06-30	6.46	0.43	6.03	17.10	37.8%
2003-03-31	15.63	1.04	14.60	27.77	56.3%
2002-12-31	6.38	0.48	5.90	27.26	23.4%
2002-09-30	16.42	1.27	15.15	28.41	57.8%
2002-06-30	16.13	0.50	15.64	30.40	53.1%
2002-03-31	15.06	0.43	14.63	29.33	51.3%
2001-12-31	14.53	0.28	14.26	28.74	50.6%
2001-09-30	14.02	0.30	13.72	27.75	50.5%
2001-06-30	13.07	0.35	12.72	26.39	49.5%
2001-03-31	10.84	0.34	10.50	23.61	45.9%
2000-12-31	9.66	0.22	9.45	21.77	44.4%
2000-09-30	9.57	0.26	9.30	21.08	45.4%
2000-06-30	5.95	0.12	5.83	11.93	49.9%
2000-03-31	6.29	0.19	6.10	11.60	54.2%
1999-12-31	7.69	0.14	7.55	9.77	78.7%
1999-09-30	3.60	0.09	3.51	8.69	41.4%
1999-06-30	3.59	0.10	3.49	8.54	42.0%
1999-03-31	2.38	0.06	2.32	7.38	32.3%
1998-12-31	2.46	0.04	2.42	7.40	33.3%
1998-09-30	2.44	0.09	2.35	7.27	33.6%
1998-06-30	2.47	0.04	2.43	7.13	34.7%
1998-03-31	2.41	0.13	2.28	7.19	33.5%
1997-12-31	2.30	0.05	2.25	7.14	32.2%
1997-09-30	2.22	0.11	2.11	7.06	31.5%
1997-06-30	2.40	0.05	2.35	6.87	35.0%
1997-03-31	2.00	0.05	1.96	6.60	30.4%
1996-12-31	2.22	0.05	2.17	6.64	33.5%
1996-09-30	2.06	0.08	1.98	6.39	32.1%