PG&E

PCG Utilities & Power 4/10 Medium Risk
4/10
— 5 → 4 over 12 weeks
Sector avg: 4.6/10
▼
Risk Score Decreased
5/10 → 4/10

Score changed by 1 point as of 2026-05-25.

What changed
▼ Debt-to-equity: 1.76 → 1.73 (improved)
▼ Cash coverage: 0.87x → 1.38x (improved)

PG&E carries $57.4B in long-term debt, with $60.8B in scheduled principal maturities. While near-term maturities are manageable at $622M, the total $60.8B maturity schedule represents a substantial long-term obligation. PCG shows thin interest coverage of 1.7x. DebtCanary scores PCG at 4/10, indicating moderate refinancing pressure.

Maturity Schedule

As of 2026-03-31 (latest SEC filing with maturity data). Debt actions taken after this date will only appear once SEC processes the relevant XBRL filing.
Year 1 $622M Year 2 $0 Year 3 $0 Year 4 $0 Year 5 $0 Beyond 5 $60.1B
Period Amount Due % of Total
Year 1 (0-12 months) $622M 1.0%
Year 2 (12-24 months) N/A N/A
Year 3 (24-36 months) N/A N/A
Year 4 (36-48 months) N/A N/A
Year 5 (48-60 months) N/A N/A
Beyond 5 Years $60.1B 99.0%
Total Scheduled Maturities $60.8B 100.0%

Key Metrics

Total Long-Term Debt
$57.4B
Near-Term (12mo)
$622M
Interest Coverage
1.7x
Debt/Equity
1.73
Cash Coverage
1.82x
Operating Income
$4.7B

Score Components

Component Value Weight
Near-Term Maturity Concentration 1.0% 30%
Interest Coverage Ratio 1.7x 25%
Debt-to-Equity Ratio 1.73 25%
Cash Coverage of Near-Term Debt 1.82x 20%

Recent SEC Filings

Material disclosures from PG&E's most recent EDGAR filings. 8-K item labels indicate the type of event reported.

Date Form Details
2026-04-23 10-Q Quarterly report
2026-04-23 8-K Earnings Results, Reg FD Disclosure
2026-04-09 DEFA14A Additional proxy materials
2026-04-09 DEF 14A Proxy statement
2026-02-20 8-K Other Events
2026-02-19 8-K Other Events
2026-02-18 424B2 Prospectus supplement — possible debt or equity issuance
2026-02-17 424B5 Prospectus supplement — possible debt or equity issuance

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Data Source: Financial data sourced from SEC EDGAR XBRL filings (10-K annual reports). Fiscal period end: 2026-03-31. Filing date: 2026-04-23. Data last fetched: 2026-05-25. Maturity schedules reflect the company's most recently reported debt repayment obligations. Data quality: Complete.
View SEC EDGAR filings for PG&E →