Atmos Energy Corporation (ATO)
Debt-to-capital 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 | ||
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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 stockholders’ equity | US$ in thousands | 12,157,700 | 12,183,100 | 11,618,600 | 11,273,200 | 10,870,100 | 10,602,400 | 10,205,200 | 9,836,270 | 9,419,090 | 9,268,170 | 8,983,230 | 8,289,540 | 7,906,890 | 7,773,760 | 7,820,920 | 7,213,160 | 6,791,200 | 6,461,470 | 6,304,420 | 6,127,780 |
Debt-to-capital ratio | 0.38 | 0.36 | 0.37 | 0.38 | 0.33 | 0.35 | 0.37 | 0.44 | 0.42 | 0.44 | 0.47 | 0.51 | 0.51 | 0.51 | 0.50 | 0.47 | 0.45 | 0.46 | 0.44 | 0.45 |
September 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $7,337,940K ÷ ($7,337,940K + $12,157,700K)
= 0.38
The debt-to-capital ratio of Atmos Energy Corporation has fluctuated over the periods shown in the table. The ratio ranged between 0.33 and 0.51, indicating the proportion of debt relative to the total capital structure. The trend suggests some variability in the company's leverage levels over time, with the ratio reaching its highest point in recent quarters. This could indicate a potential increase in financial risk or a shift in the company's capital structure towards higher debt levels. Further analysis of the company's debt management strategies and overall financial health may provide insights into the drivers behind these fluctuations.
Peer comparison
Sep 30, 2024