Total Debt for PPL (PPL)
According to PPL's latest reported financial statements, the company's latest reported total debt is $19.35B USD. Total debt is the sum of short-term and long-term interest-bearing borrowings on the balance sheet (notes, bonds, term loans, lease liabilities). Useful for leverage and refinancing risk — combine with cash on hand for net debt, and see total liabilities for the broader obligations picture.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
PPL
Currently viewingTotal DebtSwitch metric
Latest period
$19.35B
YoY change
+15.1%
5Y CAGR
+4.1%
Peak year (2019)
$23.04B
Latest annual
$19.35B
Total Debt history chart for PPL (PPL) from 1995 to 2025
Total Debt history table for PPL (PPL) from 1995 to 2025
| Fiscal year | Period ended | Reported | Total Debt | YoY |
|---|---|---|---|---|
| 2025 | $19.35B | +15.1% | ||
| 2024 | $16.81B | +7.7% | ||
| 2023 | $15.60B | +9.7% | ||
| 2022 | $14.23B | +26.9% | ||
| 2021 | $11.21B | -29.3% | ||
| 2020 | $15.86B | -31.2% | ||
| 2019 | $23.04B | +4.6% | ||
| 2018 | $22.03B | +3.5% | ||
| 2017 | $21.27B | +10.5% | ||
| 2016 | $19.25B | -3.6% | ||
| 2015 | $19.96B | +5.7% | ||
| 2014 | $18.89B | -12.6% | ||
| 2013 | $21.61B | +7.4% | ||
| 2012 | $20.13B | +8.4% | ||
| 2011 | $18.57B | +39.0% | ||
| 2010 | $13.36B | +71.6% | ||
| 2009 | $7.78B | -8.6% | ||
| 2008 | $8.52B | +11.2% | ||
| 2007 | $7.66B | -2.8% | ||
| 2006 | $7.88B | +6.7% | ||
| 2005 | $7.38B | -5.2% | ||
| 2004 | $7.79B | -9.4% | ||
| 2003 | $8.60B | +19.2% | ||
| 2002 | $7.21B | +26.6% | ||
| 2001 | $5.70B | -2.1% | ||
| 2000 | $5.82B | +11.1% | ||
| 1999 | $5.24B | +26.4% | ||
| 1998 | $4.14B | +25.9% | ||
| 1997 | $3.29B | +2.1% | ||
| 1996 | $3.22B | +1.8% | ||
| 1995 | $3.17B | — |
Total Debt values are taken from PPL's reported balance sheets (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
In 2025, PPL (PPL) total debt totalled $19.35B – grew 15.1% year-over-year.
Over 2020–2025 (5 years), PPL total debt expanded at a +4.1% compound annual rate, with the latest reading among the more recent periods of the dataset.
The dataset's maximum total debt sits at $23.04B (2019); the minimum reading of $3.17B dates to 1995.
Within Utilities, PPL (PPL) ranks 7th among 8 peers we track. The peer median for total debt is $49.59B.
PPL Total Debt by Year
PPL Total Debt 2025: $19.35B
PPL total debt in 2025 was $19.35B, grew 15.1% from 2024.
PPL Total Debt 2024: $16.81B
PPL total debt in 2024 was $16.81B, grew 7.7% from 2023.
PPL Total Debt 2023: $15.60B
PPL total debt in 2023 was $15.60B, grew 9.7% from 2022.
PPL Total Debt 2022: $14.23B
PPL total debt in 2022 was $14.23B, grew 26.9% from 2021.
PPL Total Debt 2021: $11.21B
PPL total debt in 2021 was $11.21B.
See more financial history for PPL (PPL).
Sector peers — Total Debt
Companies in the same sector as PPL, ranked by their latest total debt.
| Company | Total Debt | Sector |
|---|---|---|
| NextEra Energy, Inc. (NEE) | $95.62B | Utilities |
| Duke Energy Corporation (DUK) | $90.87B | Utilities |
| The Southern Company (SO) | $65.82B | Utilities |
| American Electric Power Company, Inc. (AEP) | $50.24B | Utilities |
| Dominion Energy, Inc. (D) | $48.94B | Utilities |
| Sempra (SRE) | $36.29B | Utilities |
| Constellation Energy Corporation (CEG) | $8.99B | Utilities |
| GE Vernova Inc. (GEV) | $0 | Utilities |
Frequently asked questions
What is PPL's total debt?
- Latest reported total debt for PPL (PPL) is $19.35B (period ending December 31, 2025).
How has PPL total debt changed year-over-year?
- PPL (PPL) total debt changed +15.1% year-over-year on the latest annual filing.
What is the long-term growth rate of PPL total debt?
- PPL (PPL) total debt compound annual growth rate is +4.1% over the most recent 5 years available.
When did PPL total debt hit its highest annual value?
- PPL total debt reached its highest annual value of $23.04B in 2019.
What was PPL total debt in 2024?
- PPL (PPL) total debt in 2024 was $16.81B.
What was PPL total debt in 2025?
- PPL (PPL) total debt in 2025 was $19.35B.
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