Black Hills Balance Sheet Health
Financial Health criteria checks 1/6
Black Hills has a total shareholder equity of $3.9B and total debt of $4.4B, which brings its debt-to-equity ratio to 113.7%. Its total assets and total liabilities are $10.3B and $6.5B respectively. Black Hills's EBIT is $525.4M making its interest coverage ratio 2.8. It has cash and short-term investments of $21.1M.
Key information
113.71%
Debt to equity ratio
US$4.38b
Debt
| Interest coverage ratio | 2.8x |
| Cash | US$21.10m |
| Equity | US$3.85b |
| Total liabilities | US$6.48b |
| Total assets | US$10.33b |
Recent financial health updates
Recent updates
Black Hills: Now An Even More Buyable Dividend King
Sep 14Earnings Working Against Black Hills Corporation's (NYSE:BKH) Share Price
Jul 25
Return Trends At Black Hills (NYSE:BKH) Aren't Appealing
Jun 11Getting In Cheap On Black Hills Corporation (NYSE:BKH) Is Unlikely
Apr 10Here's Why Black Hills (NYSE:BKH) Has A Meaningful Debt Burden
Mar 22Black Hills: Ka-Ching, Ka-Ching, Another Dividend King
Feb 21Earnings Report: Black Hills Corporation Missed Revenue Estimates By 8.0%
Feb 08Black Hills' (NYSE:BKH) Dividend Will Be Increased To $0.676
Jan 31Returns At Black Hills (NYSE:BKH) Appear To Be Weighed Down
Jan 29Black Hills Corporation: Double Digit Upside Potential
Jan 15Black Hills Corporation's (NYSE:BKH) Business Is Trailing The Market But Its Shares Aren't
Dec 05Black Hills Is Still A Buyable Dividend King Now
Nov 21Why I Am Reducing Black Hills Stock From Buy To Hold
Nov 13Black Hills: It's Not Too Late To Buy This Dividend King Now
Sep 18
Investing In Renewable Resources And Innovative Energy Models
Investment in energy infrastructure and a move towards renewable resources supports future revenue growth and operational efficiencies.Black Hills Corporation: The Time To Buy This Dividend King Is Now
Jul 11Black Hills Corporation Continues As Solid Investment
Jun 07Black Hills Corporation: Dividend King To Benefit From Population Growth
Apr 13Black Hills: Dividend Aristocrat Value You Shouldn't Overlook
Jan 31Black Hills Corporation: Undervalued Share And Rising Dividend, But Slower Growth Ahead
Dec 19Black Hills Corporation Still In The Black
Nov 08Financial Position Analysis
Short Term Liabilities: BKH's short term assets ($667.6M) do not cover its short term liabilities ($734.6M).
Long Term Liabilities: BKH's short term assets ($667.6M) do not cover its long term liabilities ($5.7B).
Debt to Equity History and Analysis
Debt Level: BKH's net debt to equity ratio (113.2%) is considered high.
Reducing Debt: BKH's debt to equity ratio has reduced from 138.2% to 113.7% over the past 5 years.
Debt Coverage: BKH's debt is not well covered by operating cash flow (15%).
Interest Coverage: BKH's interest payments on its debt are not well covered by EBIT (2.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/11/24 07:41 |
| End of Day Share Price | 2025/11/24 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Black Hills Corporation is covered by 14 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| James Thalacker | BMO Capital Markets Equity Research |
| Edward DeArias | BMO Capital Markets Equity Research |
| Ross Fowler | BofA Global Research |