Atmos Energy Corporation (ATO)

Debt-to-assets ratio

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	7,337,940	6,892,430	6,762,620	6,963,110	5,402,590	5,760,040	5,879,820	7,856,150	6,918,840	7,340,180	7,949,540	8,653,660	8,086,140	8,101,740	7,828,420	6,294,670	5,597,180	5,563,300	4,863,850	4,927,760
Total assets	US$ in thousands	25,194,500	24,891,300	24,004,600	23,684,200	22,517,000	21,771,500	21,311,900	23,366,200	22,193,000	21,655,500	21,271,100	20,545,800	19,608,700	19,315,400	19,408,800	16,475,900	15,359,000	14,871,000	14,716,400	14,388,100
Debt-to-assets ratio		0.29	0.28	0.28	0.29	0.24	0.26	0.28	0.34	0.31	0.34	0.37	0.42	0.41	0.42	0.40	0.38	0.36	0.37	0.33	0.34

September 30, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $7,337,940K ÷ $25,194,500K
= 0.29

The debt-to-assets ratio of Atmos Energy Corporation has shown fluctuations over the past few years. The company's ratio has ranged from 0.24 to 0.42, indicating the proportion of debt relative to total assets. The trend suggests that the company has maintained a moderate level of debt in relation to its assets, with the ratio hovering around 0.30 in recent periods. A lower ratio generally indicates lower financial risk and a stronger ability to cover debts with its assets. However, a higher ratio may suggest a greater reliance on debt financing. It is essential to monitor changes in the debt-to-assets ratio over time to assess the company's financial leverage and risk management strategies.