MDU Resources Group Inc (MDU)
Debt-to-assets ratio
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 7,039,000 | 8,172,650 | 7,960,340 | 7,839,870 | 7,833,000 | 7,869,150 | 7,684,850 | 9,842,590 | 9,660,780 | 9,607,130 | 9,329,120 | 8,970,720 | 8,910,440 | 8,568,860 | 8,298,210 | 8,069,280 | 8,053,370 | 8,125,000 | 7,911,000 | 7,851,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $7,039,000K
= 0.00
The debt-to-assets ratio of MDU Resources Group Inc has consistently remained at 0.00 from March 31, 2020, to December 31, 2024. This indicates that the company has not relied heavily on debt to finance its assets during this period. A debt-to-assets ratio of 0.00 signifies that the company has either zero debt or its level of debt is negligible compared to its total assets.
Maintaining a low or zero debt-to-assets ratio can be a positive indicator of financial stability and strength, as it reflects a lower financial risk and reduces the company's dependency on external financing. It suggests that MDU Resources Group Inc may have been using other sources of funding, such as equity, retained earnings, or operating cash flows, to support its asset base.
Overall, the consistent 0.00 debt-to-assets ratio over the analyzed period indicates that MDU Resources Group Inc has managed its debt levels prudently and has maintained a strong financial position with a minimal debt burden relative to its total assets.
Peer comparison
Dec 31, 2024