MDU Resources Group Inc (MDU)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 7,038,820 | 7,833,160 | 9,660,780 | 8,910,440 | 8,053,370 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $7,038,820K
= 0.00
The debt-to-assets ratio for MDU Resources Group Inc has consistently been 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt to finance its assets during this period. A low or zero debt-to-assets ratio can suggest that the company is financially stable, has strong solvency, and is not heavily reliant on debt to fund its operations or investments. It also implies that the company may have sufficient equity to support its asset base. However, it's important to note that while a low debt-to-assets ratio can be positive, it might also indicate missed opportunities for growth or leverage that could enhance returns for shareholders.
Peer comparison
Dec 31, 2024