One Gas Inc (OGS)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Debt-to-equity 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 |
| 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 |
One Gas Inc's solvency ratios indicate a strong financial position with consistently low levels of debt in relation to its assets, capital, and equity. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have all been at 0.00, suggesting that the company does not rely heavily on debt to finance its operations.
The Financial leverage ratio, which measures the company's ability to meet its financial obligations, has shown some fluctuation but overall remains relatively stable over the years. The ratio ranged from 2.59 to 3.78, indicating that the company has a moderate level of financial leverage.
Overall, based on these solvency ratios, One Gas Inc appears to have a conservative approach to capital structure and a solid financial foundation to meet its long-term obligations.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 2.74 | 2.82 | 3.04 | 3.26 | 3.33 | 3.43 | 3.61 | 3.92 | 4.51 | 4.98 | 5.18 | 5.25 | 5.09 | 4.98 | 4.98 | 4.78 | 4.72 | 4.66 | 4.58 | 4.66 |
The interest coverage ratio of One Gas Inc has shown a generally decreasing trend over the past few years, starting at 4.66 as of March 31, 2020, and declining to 2.74 as of December 31, 2024. This indicates that the company's ability to cover its interest expenses with its operating income has weakened over time. A declining interest coverage ratio may raise concerns about the company's financial stability and ability to meet its debt obligations. Management should closely monitor this ratio and take necessary steps to improve it, such as reducing debt levels or increasing operating income.