One Gas Inc (OGS)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 8,425,570 | 7,770,990 | 7,776,400 | 8,402,120 | 6,028,710 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $8,425,570K
= 0.00
The debt-to-assets ratio of One Gas Inc has been consistently at 0.00 for the years 2020 to 2024. This indicates that the company has not utilized debt financing to fund its operations and investments, and instead relies solely on equity to finance its assets. Such a low debt-to-assets ratio suggests a strong financial position with minimal financial risk, as the company's assets are predominantly financed by its own capital rather than external debt. Investors and lenders may view this as a positive signal of financial stability and sound management of capital structure. It also reflects the company's conservative approach to leverage, which may provide a solid foundation for long-term growth and sustainability.
Peer comparison
Dec 31, 2024