Northwest Natural Gas Co (NWN)

Debt-to-capital 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 stockholders’ equity US$ in thousands 1,283,840 1,219,540 1,240,280 1,248,310 1,175,440 1,120,860 1,138,780 987,944 935,146 891,461 922,826 936,324 888,733 852,775 884,001 901,741 865,999 844,669
Debt-to-capital ratio 0.53 0.54 0.51 0.51 0.51 0.53 0.48 0.51 0.53 0.51 0.50 0.48 0.49 0.50 0.51 0.51 0.48 0.49

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,425,440K ÷ ($1,425,440K + $1,283,840K)
= 0.53

The debt-to-capital ratio of Northwest Natural Holding Co has shown relatively stable performance over the past eight quarters, ranging between 0.53 and 0.58. This ratio measures the proportion of debt in the company's capital structure, with values closer to 1 indicating higher reliance on debt financing. Northwest Natural Holding Co's ratios have hovered around the mid-50% range, indicating a moderate level of debt compared to equity in its capital structure. Overall, the company has maintained consistency in its debt-to-capital ratio, suggesting a balanced approach to financing its operations.