National Fuel Gas Company (NFG)
Financial leverage ratio
| Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 8,719,100 | 8,446,160 | 8,479,960 | 8,301,450 | 8,319,770 | 8,481,040 | 8,677,020 | 8,587,490 | 8,280,260 | 8,106,630 | 7,967,240 | 8,134,910 | 7,896,260 | 8,112,090 | 7,805,020 | 7,589,670 | 7,464,820 | 7,208,680 | 7,115,650 | 7,039,170 |
| Total stockholders’ equity | US$ in thousands | 3,094,600 | 2,975,490 | 2,765,610 | 2,752,810 | 2,848,340 | 3,113,520 | 3,303,470 | 3,174,000 | 2,963,380 | 2,935,900 | 2,878,730 | 2,536,860 | 2,079,900 | 2,003,950 | 1,863,660 | 2,110,200 | 1,786,210 | 2,011,110 | 2,098,970 | 2,044,620 |
| Financial leverage ratio | 2.82 | 2.84 | 3.07 | 3.02 | 2.92 | 2.72 | 2.63 | 2.71 | 2.79 | 2.76 | 2.77 | 3.21 | 3.80 | 4.05 | 4.19 | 3.60 | 4.18 | 3.58 | 3.39 | 3.44 |
September 30, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $8,719,100K ÷ $3,094,600K
= 2.82