National Fuel Gas Company (NFG)
Financial leverage ratio
| Sep 30, 2025 | Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 8,719,100 | 8,319,770 | 8,280,260 | 7,896,260 | 7,464,820 |
| Total stockholders’ equity | US$ in thousands | 3,094,600 | 2,848,340 | 2,963,380 | 2,079,900 | 1,786,210 |
| Financial leverage ratio | 2.82 | 2.92 | 2.79 | 3.80 | 4.18 |
September 30, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $8,719,100K ÷ $3,094,600K
= 2.82