One Gas Inc (OGS)
Debt-to-equity ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 3,104,550 | 2,765,880 | 2,584,430 | 2,349,530 | 2,233,310 |
| Debt-to-equity ratio | 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 ÷ $3,104,550K
= 0.00
The debt-to-equity ratio of One Gas Inc has been consistently reported as 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its operations during this period and has relied solely on equity funding. A debt-to-equity ratio of 0.00 is considered a very conservative financial structure, suggesting a low financial risk and potential for financial flexibility. In this case, One Gas Inc appears to have a strong financial position with minimal debt obligations in relation to its equity capital. However, it's important to consider other financial metrics and qualitative factors to gain a comprehensive understanding of the company's overall financial health.
Peer comparison
Dec 31, 2024