Southwest Gas Holdings Inc (SWX)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 12,023,800 | 11,869,900 | 13,196,600 | 12,765,300 | 8,735,850 |
| Total stockholders’ equity | US$ in thousands | 3,504,190 | 3,310,040 | 3,058,760 | 2,953,820 | 2,674,950 |
| Financial leverage ratio | 3.43 | 3.59 | 4.31 | 4.32 | 3.27 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $12,023,800K ÷ $3,504,190K
= 3.43
The financial leverage ratio of Southwest Gas Holdings Inc has shown some fluctuations over the years. Starting from 3.27 in December 31, 2020, the ratio increased to 4.32 by December 31, 2021, indicating a higher level of leverage. This trend continued into 2022 with a similar ratio of 4.31. However, by December 31, 2023, there was a decrease in the financial leverage ratio to 3.59, suggesting a reduction in leverage. Subsequently, by December 31, 2024, the ratio further decreased to 3.43, indicating a continued decrease in the level of leverage. Overall, the company's financial leverage ratio has experienced fluctuations but seems to have trended downwards in the latter years, which may reflect changes in the company's capital structure or debt management strategies.
Peer comparison
Dec 31, 2024