Northwest Natural Gas Co (NWN)
Debt-to-assets ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,425,440 | 1,424,600 | 1,294,580 | 1,294,590 | 1,246,170 | 1,287,000 | 1,045,530 | 1,044,700 | 1,044,590 | 916,026 | 915,501 | 860,654 | 860,081 | 860,235 | 918,887 | 953,962 | 805,955 | 806,014 |
| Total assets | US$ in thousands | 4,867,090 | 4,665,120 | 4,536,700 | 4,592,100 | 4,748,330 | 4,300,710 | 4,100,520 | 4,054,630 | 4,064,600 | 3,929,220 | 3,783,500 | 3,758,620 | 3,756,380 | 3,618,100 | 3,641,350 | 4,001,530 | 3,428,450 | 3,251,620 |
| Debt-to-assets ratio | 0.29 | 0.31 | 0.29 | 0.28 | 0.26 | 0.30 | 0.25 | 0.26 | 0.26 | 0.23 | 0.24 | 0.23 | 0.23 | 0.24 | 0.25 | 0.24 | 0.24 | 0.25 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,425,440K ÷ $4,867,090K
= 0.29
The debt-to-assets ratio of Northwest Natural Holding Co has been relatively consistent over the past eight quarters, ranging between 0.31 to 0.36. This ratio indicates that, on average, the company finances around 34-36% of its assets using debt.
A debt-to-assets ratio of less than 1 implies that the company has more assets than debt, indicating a relatively healthy financial position. Northwest Natural Holding Co's ratios fall within this range, suggesting that the company has a conservative approach to debt financing.
The slight fluctuations in the debt-to-assets ratio over the quarters do not indicate a significant change in the company's capital structure. Overall, the stability of this ratio implies that Northwest Natural Holding Co has been maintaining a balanced mix of debt and equity in funding its operations and investments.
Peer comparison
Dec 31, 2023