UGI Corporation (UGI)
Debt-to-assets ratio
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 6,443,000 | 6,633,000 | 6,826,000 | 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 |
| Total assets | US$ in thousands | 15,098,000 | 15,066,000 | 15,624,000 | 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 |
| Debt-to-assets ratio | 0.43 | 0.44 | 0.44 | 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 |
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 for UGI Corporation has shown fluctuations over the past several quarters, ranging from 0.37 to 0.44. This ratio indicates the proportion of the company's assets that are financed by debt.
A decreasing trend in the debt-to-assets ratio, as seen from 0.44 in December 2022 to 0.37 in March 2022, may suggest that UGI Corporation has been reducing its reliance on debt to finance its assets. This could signify a healthier financial position, as lower debt levels can lead to lower financial risk and improved solvency.
However, the ratio increased slightly in the subsequent quarters, hovering around 0.40 to 0.44. While these levels are still relatively moderate, management should continue to monitor the company's debt levels to ensure they remain sustainable and in line with the overall financial strategy.
Overall, the debt-to-assets ratio provides insights into UGI Corporation's leverage and financial risk, highlighting the balance between debt and assets in its capital structure. Continued analysis and comparison with industry peers can offer a more comprehensive understanding of the company's financial health.
Peer comparison
Sep 30, 2024