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
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