Atmos Energy Corporation (ATO)

Financial leverage ratio

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Total assets	US$ in thousands	25,194,500	22,517,000	22,193,000	19,608,700	15,359,000
Total stockholders’ equity	US$ in thousands	12,157,700	10,870,100	9,419,090	7,906,890	6,791,200
Financial leverage ratio		2.07	2.07	2.36	2.48	2.26

September 30, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $25,194,500K ÷ $12,157,700K
= 2.07

The financial leverage ratio of Atmos Energy Corporation has shown some fluctuations over the past five years. In 2024 and 2023, the ratio remained stable at 2.07, indicating that the company had a consistent level of financial leverage during those years. However, there was a decrease in the ratio in 2022 compared to the previous years, suggesting a lower level of financial leverage.

In contrast, the financial leverage ratio increased in 2021 and 2020, reaching its highest level of 2.48 in 2021. This indicates that the company relied more on debt financing during those years to support its operations and investments. Overall, the trend in the financial leverage ratio for Atmos Energy Corporation shows some variability, with the company experiencing both periods of increased and decreased financial leverage over the past five years.