MDU Resources Group Inc (MDU)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,690,570 | 2,905,230 | 3,587,130 | 3,382,870 | 3,079,100 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,690,570K)
= 0.00
The debt-to-capital ratio for MDU Resources Group Inc has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not used any debt to finance its operations and investments, with its capital being entirely sourced from equity. A debt-to-capital ratio of 0.00 signifies a conservative financial approach and indicates lower financial risk as the company is not heavily reliant on debt financing. However, it is important to note that a very low or zero debt-to-capital ratio may also indicate limited leverage and potential constraints on growth and investment opportunities.
Peer comparison
Dec 31, 2024