UGI Corporation (UGI)
Debt-to-assets 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 | 6,866,000 | 6,543,000 | 6,682,000 | 6,805,000 | 6,759,000 | 6,483,000 | 6,483,000 | 6,559,000 | 6,580,000 | 6,339,000 | 5,890,000 | 6,046,000 | 6,078,000 | 5,981,000 | 6,036,000 | 5,879,000 | 5,906,000 | 5,780,000 | 4,347,100 | 4,341,200 |
| Total assets | US$ in thousands | 15,716,000 | 15,401,000 | 15,243,000 | 16,429,000 | 17,128,000 | 17,575,000 | 17,111,000 | 17,777,000 | 16,800,000 | 16,723,000 | 15,006,000 | 14,945,000 | 14,725,000 | 13,985,000 | 13,843,000 | 14,136,000 | 14,286,000 | 13,347,000 | 12,018,900 | 12,350,900 |
| Debt-to-assets ratio | 0.44 | 0.42 | 0.44 | 0.41 | 0.39 | 0.37 | 0.38 | 0.37 | 0.39 | 0.38 | 0.39 | 0.40 | 0.41 | 0.43 | 0.44 | 0.42 | 0.41 | 0.43 | 0.36 | 0.35 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $6,866,000K ÷ $15,716,000K
= 0.44
The debt-to-assets ratio of UGI Corp. has remained relatively stable around 0.45, with slight fluctuations between 0.39 and 0.47 over the past eight quarters. This indicates that UGI Corp. typically finances about 45% of its assets with debt, while the remaining 55% is funded by equity. A ratio of less than 0.5 suggests that the company relies more on equity financing than debt to support its operations and investments. However, it is essential to monitor any significant changes in this ratio over time to assess UGI Corp.'s financial risk and leverage levels.
Peer comparison
Dec 31, 2023