Northwest Natural Gas Co (NWN)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 1,385,370 | 1,219,890 | 1,346,720 | 1,343,390 | 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 |
| Debt-to-equity 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-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 recorded as 0.00 across all reported periods from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its operations during this timeframe and has relied solely on equity for funding. A debt-to-equity ratio of 0.00 typically suggests a low risk level in terms of financial leverage and indicates a conservative financial structure. It implies that the company's financial obligations are predominantly supported by shareholders' equity rather than debt financing. It's important to note that a debt-to-equity ratio of 0.00 may not always be ideal depending on the industry and business strategy, as debt can also be a cost-effective form of capital.
Peer comparison
Dec 31, 2024