One Gas Inc (OGS)
Financial leverage 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 | ||
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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 |
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 |
Financial leverage ratio | 2.71 | 2.86 | 2.77 | 2.74 | 2.89 | 2.81 | 2.76 | 2.80 | 3.01 | 2.99 | 3.43 | 3.46 | 3.58 | 3.51 | 3.53 | 3.78 | 2.70 | 2.62 | 2.59 | 2.59 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $8,425,570K ÷ $3,104,550K
= 2.71
Based on the financial leverage ratio data of One Gas Inc from March 31, 2020, to December 31, 2024, we can observe fluctuations in the ratio over time. The financial leverage ratio measures the extent to which a company relies on debt to finance its operations and investments.
The financial leverage ratio started at 2.59 at the end of March 2020 and remained relatively stable until September 2020, when it slightly increased to 2.62. Subsequently, there was a gradual increase in the ratio, reaching 3.78 by the end of March 2021. This significant surge may indicate an increase in the company's reliance on debt to fund its activities during this period.
From June 2021 to December 2021, the ratio decreased to around 3.50, suggesting potential efforts to reduce debt dependency. However, the ratio fluctuated between 3.46 and 3.58 throughout 2022, indicating some volatility in the company's leverage position.
In 2023, the financial leverage ratio started declining from 2.80 in March to 2.89 by December, signifying a potential reduction in debt levels or improved equity financing. The trend continued in 2024, with the ratio fluctuating between 2.71 and 2.86, possibly reflecting ongoing efforts to optimize the company's capital structure.
Overall, analyzing the financial leverage ratio trends of One Gas Inc provides insights into the company's changing capital structure and debt management strategies over the analyzed period.
Peer comparison
Dec 31, 2024