One Gas Inc (OGS)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 8,425,570 | 7,770,990 | 7,776,400 | 8,402,120 | 6,028,710 |
| Total stockholders’ equity | US$ in thousands | 3,104,550 | 2,765,880 | 2,584,430 | 2,349,530 | 2,233,310 |
| Financial leverage ratio | 2.71 | 2.81 | 3.01 | 3.58 | 2.70 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $8,425,570K ÷ $3,104,550K
= 2.71
The financial leverage ratio of One Gas Inc has fluctuated over the past five years, indicating changes in the company's capital structure and debt levels.
At the end of 2020, the financial leverage ratio stood at 2.70, suggesting that the company had $2.70 in debt for every $1 of equity.
By the end of 2021, the financial leverage ratio increased to 3.58, indicating a higher level of financial risk as the company had $3.58 in debt for every $1 of equity.
In 2022, the financial leverage ratio decreased to 3.01, potentially reflecting efforts to reduce debt levels or increase equity in the company.
In 2023, the ratio further decreased to 2.81, indicating a modest improvement in the company's capital structure and potentially lower financial risk.
In the most recent year, 2024, the ratio remained relatively stable at 2.71, suggesting that the company's debt and equity levels were similar to the previous year.
Overall, the trend in the financial leverage ratio of One Gas Inc shows fluctuations in the balance between debt and equity financing, with potential implications for the company's financial health and risk profile.
Peer comparison
Dec 31, 2024