Home > Electricity > Electricity Publications > Electric Power Annual 2000 Volume II > HTML Data Tables > Table 10
 Date of Data: 2000
 Report Released: November 2002
 Next Release Date: January 2003

Table 10. Composite Financial Indicators for Major U.S. Investor-Owned Electric Utilities, 1996 Through 2000
Description1 1996 1997 1998 1999 2000
Activity          
  1.  Electric Fixed Asset (Net Plant) Turnover 0.52 0.56 0.62 0.64 0.70
  2.  Total Asset Turnover .36 .37 .36 .37 .39
Leverage          
  3.  Current Assets to Current Liabilities .88 .92 .95 .88 .85
  4.  Long-term Debt to Capitalization 47.19 48.37 49.14 48.70 50.09
  5.  Preferred Stock to Capitalization 5.15 4.36 3.94 3.49 2.90
  6.  Common Stock Equity to Capitalization 47.66 47.27 46.92 45.98 44.63
  7.  Total Debt to Total Assets2 31.57 32.23 R/32.04 31.10 31.18
  8.  Common Stock Equity to Total Assets 29.95 29.76 28.76 28.22 26.45
  9. Interest Coverage Before Taxes without AFUDC 3.36 3.33 3.36 3.66 2.67
Profitability          
 10.  Profit Margin 10.23 7.84 7.97 7.98 5.64
 11.  Return on Average Common Stock Equity3 12.31 9.67 10.03 10.12 8.15
 12.  Return on Investment 3.65 2.88 2.90 2.92 2.19


1/ Indicators 1, 2, 3, and 9 are ratios.  Indicators 4 through 8 and 10 through 12 are percentages.
2/ Total debt is the sum of Long-term Debt and Short-term Debt.  The values for Short-term Debt included in Current and Accrued liabilities (Notes Payable) $18,179,816,000 for 2000; $13,802,174,000 for 1999; $11,531,000,000 for 1998 (revised); $10,417,018,000 for 1997; and $11,129,401,000 for 1996.
3/ The Average Common Stock Equity is the average of the beginning and ending year balances.  The value for the beginning of 1996 was $172,411,278,000. R = Revised data.
       Notes: · Data for 1996 through 1999 are final; whereas data for 2000 are preliminary.  · Formulas for computing the financial indicators are in Appendix A.  · Indicators 4, 5, and 6 may not sum to 100 percent because of independent rounding.
       Source: Federal Energy Regulatory Commission, FERC Form 1, "Annual Report of Major Electric Utilities, Licensees and Others."


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