MDU Resources Group Inc (MDU)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Total stockholders’ equity | US$ in thousands | 2,691,000 | 3,057,980 | 3,017,800 | 2,980,940 | 2,905,000 | 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 | 3,013,000 | 2,898,000 | 2,837,000 |
| Financial leverage ratio | 2.62 | 2.67 | 2.64 | 2.63 | 2.70 | 2.85 | 2.84 | 2.75 | 2.69 | 2.75 | 2.75 | 2.67 | 2.63 | 2.57 | 2.59 | 2.60 | 2.62 | 2.70 | 2.73 | 2.77 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $7,039,000K ÷ $2,691,000K
= 2.62
The financial leverage ratio of MDU Resources Group Inc has displayed a fluctuating trend over the periods analyzed. The ratio ranged from 2.57 to 2.85 during the period from September 30, 2021, to September 30, 2023. However, it gradually decreased from 2.85 in September 30, 2023, to 2.62 in December 31, 2024. The ratio indicates the company's level of financial leverage or its reliance on debt financing. A higher ratio suggests higher financial risk due to greater dependence on debt for funding operations, while a lower ratio indicates a lower level of leverage. MDU Resources' ratio hovering between 2.57 and 2.85 during the analyzed periods suggests moderate to high leverage, which could potentially expose the company to higher financial risks associated with servicing its debt obligations. However, the gradual decline observed towards the end of the period may indicate efforts to reduce debt levels or improve financial stability. Additional analysis of the company's debt structure and overall financial health would provide more insights into the implications of these leverage ratios.
Peer comparison
Dec 31, 2024