Southwest Gas Holdings Inc (SWX)
Debt-to-assets ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 4,609,840 | 5,235,540 | 5,284,840 | 4,577,600 | 4,403,300 | 5,865,590 | 4,588,450 | 4,559,760 | 4,115,680 | 3,573,780 | 2,478,820 | 2,696,570 | 2,732,200 | 2,685,720 | 2,639,320 | 2,310,080 | 2,300,480 | 2,462,120 | 2,373,000 | 2,106,270 |
| Total assets | US$ in thousands | 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 | 8,170,050 | 7,840,210 | 7,666,880 | 7,569,430 |
| Debt-to-assets ratio | 0.39 | 0.44 | 0.44 | 0.39 | 0.33 | 0.45 | 0.36 | 0.34 | 0.32 | 0.34 | 0.27 | 0.30 | 0.31 | 0.32 | 0.31 | 0.29 | 0.28 | 0.31 | 0.31 | 0.28 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $4,609,840K ÷ $11,869,900K
= 0.39
The debt-to-assets ratio of Southwest Gas Holdings Inc has been relatively stable over the past eight quarters, ranging from 0.43 to 0.48. This ratio indicates the proportion of the company's assets that are financed through debt, with lower ratios typically suggesting less financial risk. The average debt-to-assets ratio over this period is approximately 0.45, reflecting a moderate level of debt relative to total assets. It is noteworthy that the ratio has not shown significant fluctuations, indicating a consistent approach to managing the company's capital structure. However, it would be beneficial to compare this ratio with industry peers for a broader assessment of the company's leverage position.
Peer comparison
Dec 31, 2023