Atmos Energy Corporation (ATO)

Debt-to-equity 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-equity ratio		0.60	0.57	0.58	0.62	0.50	0.54	0.58	0.80	0.73	0.79	0.88	1.04	1.02	1.04	1.00	0.87	0.82	0.86	0.77	0.80

September 30, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $7,337,940K ÷ $12,157,700K
= 0.60

The debt-to-equity ratio of Atmos Energy Corporation has shown some fluctuations over the past few years, ranging from 0.50 to 1.04. A higher debt-to-equity ratio indicates that the company relies more on debt financing compared to equity, which can amplify returns on equity but also increases financial risk.

The trend in Atmos Energy Corporation's debt-to-equity ratio has been slightly increasing in recent periods. As of September 30, 2024, the ratio stands at 0.60, showing a moderate level of debt relative to equity. It is important for investors and stakeholders to monitor this ratio to assess the company's leverage and financial risk.