Northwest Natural Gas Co (NWN)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,385,370K
= 0.00
The debt-to-equity ratio of Northwest Natural Gas Co has consistently been 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not used debt to finance its operations and has been entirely reliant on equity to fund its activities. A debt-to-equity ratio of 0.00 suggests a conservative financial structure and a lower level of financial risk, as the company has not taken on any debt obligations relative to its equity. It may reflect a strategy of maintaining a strong balance sheet and financial stability.
Peer comparison
Dec 31, 2024
Company name
Symbol
Debt-to-equity ratio
Northwest Natural Gas Co
NWN
0.00
Atmos Energy Corporation
ATO
0.60
National Fuel Gas Company
NFG
—
NewJersey Resources Corporation
NJR
0.00
One Gas Inc
OGS
0.00
Spire Inc
SR
1.15