UGI Corporation (UGI)
Debt-to-assets ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 6,443,000 | 6,543,000 | 6,483,000 | 6,339,000 | 5,981,000 |
| Total assets | US$ in thousands | 15,098,000 | 15,401,000 | 17,575,000 | 16,723,000 | 13,985,000 |
| Debt-to-assets ratio | 0.43 | 0.42 | 0.37 | 0.38 | 0.43 |
September 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $6,443,000K ÷ $15,098,000K
= 0.43
The debt-to-assets ratio of UGI Corporation has exhibited some fluctuations over the past five years. The ratio increased from 0.37 in 2022 to 0.38 in 2021 before rising further to 0.43 in 2020. However, in 2023, the ratio decreased slightly to 0.42 and maintained at that level in 2024.
A debt-to-assets ratio of 0.43 in 2024 indicates that UGI Corporation financed approximately 43% of its assets through debt, implying a moderate level of financial leverage. This suggests that the company relies to a significant extent on debt financing to support its operations and investments.
The trend in the debt-to-assets ratio should be further analyzed in conjunction with other financial metrics and industry benchmarks to assess UGI Corporation's overall financial health and risk profile. It is essential for stakeholders to monitor changes in this ratio over time to understand the company's capital structure and debt management strategies.
Peer comparison
Sep 30, 2024