Northwest Natural Gas Co (NWN)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,729,670 | 4,867,090 | 4,748,330 | 4,064,600 | 3,756,380 |
| Total stockholders’ equity | US$ in thousands | 1,385,370 | 1,283,840 | 1,175,440 | 935,146 | 888,733 |
| Financial leverage ratio | 1.25 | 3.79 | 4.04 | 4.35 | 4.23 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,729,670K ÷ $1,385,370K
= 1.25
The financial leverage ratio of Northwest Natural Gas Co has exhibited fluctuations over the years. It increased from 4.23 in 2020 to 4.35 in 2021, indicating higher financial leverage. However, in 2022, the ratio decreased to 4.04 and further dropped to 3.79 in 2023, suggesting a reduction in financial leverage. The most significant change occurred in 2024, with the ratio plummeting to 1.25, indicating a substantial decrease in the company's reliance on debt to finance its operations. These fluctuations in the financial leverage ratio reflect changes in the capital structure and overall financial risk of Northwest Natural Gas Co over the years.
Peer comparison
Dec 31, 2024