One Gas Inc (OGS)
Debt-to-assets 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 assets | US$ in thousands | 8,425,570 | 8,039,420 | 7,825,070 | 7,764,040 | 7,981,930 | 7,432,450 | 7,335,120 | 7,420,250 | 7,776,400 | 7,321,510 | 8,411,410 | 8,467,630 | 8,402,120 | 8,133,920 | 8,183,650 | 8,679,900 | 6,028,710 | 5,763,760 | 5,681,610 | 5,674,900 |
| Debt-to-assets 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-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 0.00 for all the quarters from March 31, 2020, to December 31, 2024. This indicates that the company has not been utilizing debt financing to fund its assets during this period. A debt-to-assets ratio of 0.00 means that the company's total assets are entirely financed by equity rather than debt. This can suggest a strong financial position with low financial risk, as the company is not burdened with significant debt obligations. It also indicates a conservative approach to financial management, potentially resulting in lower interest expenses and a higher level of financial maneuverability.
Peer comparison
Dec 31, 2024