Southwest Gas Holdings Inc (SWX)
Debt-to-equity ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 3,504,190 | 3,310,040 | 3,058,760 | 2,953,820 | 2,674,950 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $3,504,190K
= 0.00
The debt-to-equity ratio of Southwest Gas Holdings Inc has been consistently 0.00 from December 31, 2020, to December 31, 2024. A debt-to-equity ratio of 0.00 indicates that the company has no debt in relation to its equity during these years. This implies that the company is primarily financed through equity rather than debt, which can be considered a positive sign for investors as it signifies a lower financial risk and potential stability in the company's capital structure. It suggests that the company is not highly leveraged and has a strong financial position with a lower risk of default.
Peer comparison
Dec 31, 2024