MDU Resources Group Inc (MDU)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 7,038,820 | 7,833,160 | 9,660,780 | 8,910,440 | 8,053,370 |
| Total stockholders’ equity | US$ in thousands | 2,690,570 | 2,905,230 | 3,587,130 | 3,382,870 | 3,079,100 |
| Financial leverage ratio | 2.62 | 2.70 | 2.69 | 2.63 | 2.62 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $7,038,820K ÷ $2,690,570K
= 2.62
MDU Resources Group Inc's financial leverage ratio has shown a slight increase over the past few years, from 2.62 at the end of December 2020 to 2.63 at the end of December 2021, 2.69 at the end of December 2022, and 2.70 at the end of December 2023, before dipping back to 2.62 at the end of December 2024. This indicates that the company has been relying more on debt to finance its operations and growth. It is important to monitor this ratio closely as a high financial leverage ratio can indicate higher financial risk and vulnerability to economic downturns or interest rate changes. The company should ensure it maintains a balance between debt and equity to support sustainable growth and financial stability.
Peer comparison
Dec 31, 2024