PNM: Public Service Company of New Mexico Total Debt to Capital

This chart illustrates the total debt-to-equity ratio for PNM Resources, Inc. (PNM), which stands at 1.63. The company controls the energy environment in Texas and New Mexico, combining green generation with power transmission. Its status as a regional monopolist ensures stable earnings due to inelastic demand, although government tariff regulation caps profit growth and keeps yields at a specific level.

Defensive assets are selected based on their resilience to external shocks, which for PNM Resources, Inc. (PNM) means balancing the costs of upgrading New Mexico's grids with regulatory revenues. By analyzing the debt-to-equity ratio on GURU.Markets, an investor assesses the proportion of borrowed funds to equity, determining how effectively the company utilizes leverage for growth without risking bankruptcy.