MDU Resources Group Inc (MDU)
Debt-to-capital ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,236,900 | 2,279,830 | 2,246,100 | 2,769,040 | 2,317,850 | 2,192,410 | 2,003,880 | 2,599,810 | 2,593,850 | 2,326,720 | 2,335,500 | 2,251,720 | 2,211,580 | 2,268,730 | 2,265,320 | 2,438,680 | 2,226,570 | 2,180,950 | 2,327,980 | 1,946,180 |
| Total stockholders’ equity | US$ in thousands | 2,905,230 | 2,757,430 | 2,706,190 | 3,575,380 | 3,587,130 | 3,491,860 | 3,386,810 | 3,360,720 | 3,382,870 | 3,332,280 | 3,198,800 | 3,100,310 | 3,079,100 | 3,012,760 | 2,897,690 | 2,836,590 | 2,847,250 | 2,795,610 | 2,660,300 | 2,605,690 |
| Debt-to-capital ratio | 0.44 | 0.45 | 0.45 | 0.44 | 0.39 | 0.39 | 0.37 | 0.44 | 0.43 | 0.41 | 0.42 | 0.42 | 0.42 | 0.43 | 0.44 | 0.46 | 0.44 | 0.44 | 0.47 | 0.43 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $2,236,900K ÷ ($2,236,900K + $2,905,230K)
= 0.44
The debt-to-capital ratio of MDU Resources Group Inc has shown some fluctuations over the past eight quarters. The ratio ranged from 0.45 to 0.49, indicating that the company's level of debt relative to its total capital has been relatively stable.
In general, a lower debt-to-capital ratio suggests a lower financial risk for the company, as it implies that a smaller proportion of its capital structure is financed through debt. On the other hand, a higher debt-to-capital ratio may indicate higher financial risk, as the company relies more on debt to finance its operations.
While the fluctuations in the debt-to-capital ratio are relatively minor, it is essential to continue monitoring this metric to ensure that the company's capital structure remains sustainable and aligned with its financial objectives. It is also crucial for investors and stakeholders to consider other financial metrics and factors when evaluating the overall financial health and risk profile of MDU Resources Group Inc.
Peer comparison
Dec 31, 2023