Black Hills Corporation
Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. The company operates through the Electric Utilities and Gas Utilities segments. The Electric Utilities segment engages in the generation, transmission, and distribution of electricity to electric utility customers in Colorado, Montana, South Dakota, and Wyoming; ownersh… Read more
Black Hills Corporation (BKH) - Total Assets
Latest total assets as of December 2025: $10.87 Billion USD
Based on the latest financial reports, Black Hills Corporation (BKH) holds total assets worth $10.87 Billion USD as of December 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Black Hills Corporation - Total Assets Trend (1994–2025)
This chart illustrates how Black Hills Corporation’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Black Hills Corporation - Asset Composition Analysis
Current Asset Composition (December 2025)
Black Hills Corporation's total assets of $10.87 Billion consist of 9.2% current assets and 90.8% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $182.80 Million | 1.7% |
| Accounts Receivable | $412.30 Million | 3.8% |
| Inventory | $172.40 Million | 1.6% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $6.40 Million | 0.1% |
| Goodwill | $1.30 Billion | 12.0% |
Asset Composition Trend (1994–2025)
This chart illustrates how Black Hills Corporation's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Black Hills Corporation's current assets represent 9.2% of total assets in 2025, a decrease from 14.1% in 1994.
- Cash Position: Cash and equivalents constituted 1.7% of total assets in 2025, down from 2.8% in 1994.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 11.0% of total assets, an increase from 0.0% in 1994.
- Asset Diversification: The largest asset category is goodwill at 12.0% of total assets.
Black Hills Corporation Competitors by Total Assets
Key competitors of Black Hills Corporation based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Delong Composite Energy Group Co Ltd
SHE:000593
|
China | CN¥1.92 Billion |
|
Shaanxi Meineng Clean Energy Corp. Ltd. A
SHE:001299
|
China | CN¥1.61 Billion |
|
Xinjiang Haoyuan Natural Gas Co Ltd
SHE:002700
|
China | CN¥1.58 Billion |
|
Foran Energy Group Co Ltd
SHE:002911
|
China | CN¥21.05 Billion |
|
Samchully
KO:004690
|
Korea | ₩4.23 Trillion |
|
Taekyung Chem
KO:006890
|
Korea | ₩222.46 Billion |
|
Kyungdong Gas
KO:012320
|
Korea | ₩598.73 Billion |
|
Yesco Holdings Co. Ltd
KO:015360
|
Korea | ₩1.34 Trillion |
Black Hills Corporation - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - Black Hills Corporation generates 0.21x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Moderate ROA - For every $100 in assets, Black Hills Corporation generates $ 2.68 in net profit.
Black Hills Corporation - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 1.35 | 0.97 | 0.47 |
| Quick Ratio | 1.11 | 0.77 | 0.39 |
| Cash Ratio | 0.25 | 0.02 | 0.00 |
| Working Capital | $255.90 Million | $ -21.10 Million | $ -650.98 Million |
Black Hills Corporation - Advanced Valuation Insights
This section examines the relationship between Black Hills Corporation's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 1.41 |
| Latest Market Cap to Assets Ratio | 0.49 |
| Asset Growth Rate (YoY) | 8.5% |
| Total Assets | $10.87 Billion |
| Market Capitalization | $5.29 Billion USD |
Valuation Analysis
Below Book Valuation: The market values Black Hills Corporation's assets below their book value (0.49 x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: Black Hills Corporation's assets grew by 8.5% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Black Hills Corporation (1994–2025)
The table below shows the annual total assets of Black Hills Corporation from 1994 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-12-31 | $10.87 Billion | +8.45% |
| 2024-12-31 | $10.02 Billion | +4.18% |
| 2023-12-31 | $9.62 Billion | +0.02% |
| 2022-12-31 | $9.62 Billion | +5.33% |
| 2021-12-31 | $9.13 Billion | +12.90% |
| 2020-12-31 | $8.09 Billion | +7.02% |
| 2019-12-31 | $7.56 Billion | +8.55% |
| 2018-12-31 | $6.96 Billion | +4.57% |
| 2017-12-31 | $6.66 Billion | +2.20% |
| 2016-12-31 | $6.52 Billion | +39.95% |
| 2015-12-31 | $4.66 Billion | +8.78% |
| 2014-12-31 | $4.28 Billion | +10.44% |
| 2013-12-31 | $3.88 Billion | +3.91% |
| 2012-12-31 | $3.73 Billion | -9.63% |
| 2011-12-31 | $4.13 Billion | +11.20% |
| 2010-12-31 | $3.71 Billion | +11.87% |
| 2009-12-31 | $3.32 Billion | -1.84% |
| 2008-12-31 | $3.38 Billion | +36.68% |
| 2007-12-31 | $2.47 Billion | +10.17% |
| 2006-12-31 | $2.24 Billion | +5.88% |
| 2005-12-31 | $2.12 Billion | +3.10% |
| 2004-12-31 | $2.06 Billion | -0.34% |
| 2003-12-31 | $2.06 Billion | +1.38% |
| 2002-12-31 | $2.04 Billion | +22.69% |
| 2001-12-31 | $1.66 Billion | +25.63% |
| 2000-12-31 | $1.32 Billion | +95.66% |
| 1999-12-31 | $674.80 Million | +20.63% |
| 1998-12-31 | $559.40 Million | +9.97% |
| 1997-12-31 | $508.70 Million | +8.84% |
| 1996-12-31 | $467.40 Million | +4.14% |
| 1995-12-31 | $448.80 Million | +2.72% |
| 1994-12-31 | $436.90 Million | -- |