Northwest Natural Gas Co (NWN)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 5,234,320 | 4,944,370 | 4,822,370 | 4,849,070 | 4,934,590 | 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 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $5,234,320K
= 0.00
Based on the provided data, Northwest Natural Gas Co has consistently maintained a debt-to-assets ratio of 0.00 over the past few years. This indicates that the company has not taken on any debt to finance its assets, implying a low risk of financial distress due to excessive debt levels. A debt-to-assets ratio of 0.00 suggests that the company's assets are predominantly funded by equity rather than debt, which can be viewed positively by investors and creditors. It also signifies that the company has a strong financial position and may have ample room for future expansions or investments without increasing its debt burden.
Peer comparison
Dec 31, 2024