Southwest Gas Holdings Inc (SWX)

Debt-to-assets 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
Long-term debt US$ in thousands
Total assets US$ in thousands 12,023,800 11,875,000 11,985,300 11,888,000 11,869,900 11,836,300 11,950,900 11,810,200 13,196,600 13,102,600 12,923,000 13,249,500 12,765,300 10,369,600 9,039,020 8,928,640 8,735,850 8,429,660 8,426,040 8,093,220
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

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $12,023,800K
= 0.00

The debt-to-assets ratio of Southwest Gas Holdings Inc has consistently remained at 0.00 from March 31, 2020, to December 31, 2024. This indicates that the company has not used debt financing as a major source of funding for its assets during this period. A debt-to-assets ratio of 0.00 means that the company's total liabilities were equal to zero relative to its total assets throughout the given time frame. This low ratio suggests that the company has a conservative debt management strategy and may be relying more on equity financing or retained earnings to support its operations and investments.


Peer comparison

Dec 31, 2024

Company name
Symbol
Debt-to-assets ratio
Southwest Gas Holdings Inc
SWX
0.00
Chesapeake Utilities Corporation
CPK
0.00
ONEOK Inc
OKE
0.48