Southwest Gas Holdings Inc (SWX)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 3,310,040 | 3,238,740 | 3,262,830 | 3,296,160 | 3,058,760 | 3,412,920 | 3,458,850 | 3,489,080 | 2,953,820 | 2,909,820 | 2,846,880 | 2,773,720 | 2,674,950 | 2,619,240 | 2,611,300 | 2,547,900 | 2,505,910 | 2,423,710 | 2,419,360 | 2,347,000 |
| Debt-to-capital ratio | 0.58 | 0.62 | 0.62 | 0.58 | 0.59 | 0.63 | 0.57 | 0.57 | 0.58 | 0.55 | 0.47 | 0.49 | 0.51 | 0.51 | 0.50 | 0.48 | 0.48 | 0.50 | 0.50 | 0.47 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $4,609,840K ÷ ($4,609,840K + $3,310,040K)
= 0.58
The debt-to-capital ratio of Southwest Gas Holdings Inc has shown relative stability over the past eight quarters, ranging between 0.61 and 0.66. This ratio measures the proportion of the company's capital structure financed by debt, with values closer to 1 indicating higher reliance on debt financing.
Southwest Gas Holdings Inc's debt-to-capital ratio has been consistently below 1, suggesting that the company relies more on equity financing than debt. The slight fluctuations within the range suggest a relatively moderate level of debt in the company's capital structure. Overall, the trend indicates a balanced and sustainable approach to financing that combines both debt and equity to support the company's operations and growth initiatives.
Peer comparison
Dec 31, 2023