Northwest Natural Gas Co (NWN)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,385,370 | 1,283,840 | 1,175,440 | 935,146 | 888,733 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,385,370K)
= 0.00
The debt-to-capital ratio for Northwest Natural Gas Co has remained consistently at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its operations or investments during this period. A debt-to-capital ratio of 0.00 suggests that the company's capital structure is primarily composed of equity and that it is not relying on debt financing to fund its activities. This can be perceived positively by investors and creditors as it indicates a lower financial risk and potentially greater financial stability for the company. However, it is also important to consider the potential implications of having a low debt level on the company's ability to leverage financial resources for growth opportunities and strategic investments in the future.
Peer comparison
Dec 31, 2024