Northwest Natural Gas Co (NWN)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 1,729,670 | 4,867,090 | 4,748,330 | 4,064,600 | 3,756,380 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,729,670K
= 0.00
Based on the data provided, the debt-to-assets ratio of Northwest Natural Gas Co has been consistently 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its assets during the analyzed period. A debt-to-assets ratio of 0.00 suggests that the company's assets are entirely funded by equity, implying a low financial risk and potentially a strong financial position. However, it is important to note that a very low debt-to-assets ratio may also indicate limited growth opportunities or underutilization of debt financing that could potentially enhance returns for shareholders in the long term.
Peer comparison
Dec 31, 2024