MDU Resources Group Inc (MDU)
Solvency ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 2.62 | 2.70 | 2.69 | 2.63 | 2.62 |
MDU Resources Group Inc has consistently maintained very low solvency ratios across the years 2020 to 2024. The Debt-to-Assets ratio, Debt-to-Capital ratio, and Debt-to-Equity ratio have all remained at 0.00 throughout this period. This signifies that the company has no significant debt in relation to its total assets, capital, or equity.
Furthermore, the Financial Leverage ratio has been relatively stable, ranging from 2.62 to 2.70 over the same period. This indicates that the company's reliance on debt to finance its operations has been moderate and consistent.
Overall, the solvency ratios suggest that MDU Resources Group Inc has a strong financial position with minimal debt obligations, which may imply lower financial risk and greater financial stability.
Coverage ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | 2.83 | 5.72 | 3.19 | 5.96 | 5.92 |
The interest coverage ratio for MDU Resources Group Inc has shown some fluctuations over the past five years. In December 2020 and December 2021, the company's interest coverage stood at 5.92 and 5.96 respectively, indicating a relatively healthy ability to cover its interest obligations with its earnings. However, this ratio declined to 3.19 by the end of December 2022, suggesting a potential strain on the company's ability to meet its interest payments from its operating income.
Subsequently, by the end of December 2023, the interest coverage ratio improved to 5.72, indicating a better position in meeting its interest expenses with its earnings. However, there was another decline in the interest coverage ratio by the end of December 2024 to 2.83, signaling a potential increase in the company's financial risk and a decrease in its ability to cover its interest obligations with its operating income.
Overall, the fluctuations in MDU Resources Group Inc's interest coverage ratio over the five-year period suggest varying levels of financial strength and risk management. Investors and stakeholders should continue to monitor this ratio to assess the company's ability to manage its debt and interest payments effectively.