Southwest Gas Holdings Inc (SWX)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 3,504,190 | 3,455,390 | 3,492,760 | 3,356,240 | 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 |
| 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 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $3,504,190K)
= 0.00
The debt-to-capital ratio of Southwest Gas Holdings Inc has consistently remained at 0.00 for the periods spanning March 31, 2020, to December 31, 2024. A debt-to-capital ratio of 0.00 indicates that the company has not utilized any debt in its capital structure during these periods. This implies that the company has funded its operations and investments primarily through equity or other non-debt sources.
A debt-to-capital ratio of 0.00 can signify financial strength and stability, as there is no financial leverage present in the company's capital structure. However, it's important to note that a very low or zero debt-to-capital ratio may also indicate a missed opportunity to leverage debt financing for potential growth or strategic initiatives. It may also suggest that the company is conservative in its financial approach and prefers to avoid the risks associated with debt obligations.
Overall, based on the consistent 0.00 debt-to-capital ratio, Southwest Gas Holdings Inc appears to have maintained a debt-free capital structure during the specified periods, which may be reflective of its financial strategy and risk management approach.
Peer comparison
Dec 31, 2024