Southwest Gas Holdings Inc (SWX)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 12,023,800 | 11,869,900 | 13,196,600 | 12,765,300 | 8,735,850 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $12,023,800K
= 0.00
The debt-to-assets ratio for Southwest Gas Holdings Inc has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not used debt to finance its assets during this period. A debt-to-assets ratio of 0.00 signifies that the company's assets are entirely funded by equity, which may suggest a conservative capital structure and a lower financial risk level. However, it's important to note that while a low debt-to-assets ratio can be favorable in terms of financial stability, it may also imply missed opportunities for leveraging debt for potential growth or tax advantages.
Peer comparison
Dec 31, 2024