One Gas Inc (OGS)

Debt-to-capital 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 3,104,550 2,812,620 2,826,870 2,829,980 2,765,880 2,646,750 2,654,830 2,651,480 2,584,430 2,446,270 2,453,600 2,449,390 2,349,530 2,315,100 2,317,270 2,296,600 2,233,310 2,200,020 2,191,990 2,189,010
Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $3,104,550K)
= 0.00

The debt-to-capital ratio of One Gas Inc has consistently been reported as 0.00% from March 31, 2020, to December 31, 2024. This indicates that the company has maintained a very low level of debt relative to its total capital during this period. A debt-to-capital ratio of 0.00% suggests that the company has financed its operations primarily through equity rather than debt obligations. This may indicate a conservative approach to capital structure and financial risk management, as the company is not relying heavily on borrowing to fund its operations or investments. It also suggests a strong financial position with minimal financial leverage.