UGI Corporation (UGI)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 4,345,000 | 4,681,000 | 4,822,000 | 4,423,000 | 4,386,000 | 4,364,000 | 5,205,000 | 5,180,000 | 6,066,000 | 5,996,000 | 6,200,000 | 5,349,000 | 5,522,000 | 5,097,000 | 4,819,000 | 4,437,000 | 4,128,000 | 4,126,000 | 4,081,000 | 3,996,000 |
| Debt-to-capital ratio | 0.60 | 0.59 | 0.59 | 0.61 | 0.60 | 0.60 | 0.57 | 0.57 | 0.52 | 0.52 | 0.51 | 0.55 | 0.53 | 0.54 | 0.56 | 0.58 | 0.59 | 0.59 | 0.59 | 0.60 |
September 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $6,443,000K ÷ ($6,443,000K + $4,345,000K)
= 0.60
The debt-to-capital ratio of UGI Corporation has been fluctuating within a relatively narrow range over the past several quarters. The ratio has ranged from 0.51 to 0.61, indicating that the company's level of debt relative to its total capital has been fairly stable.
In recent quarters, the debt-to-capital ratio has hovered around 0.59, suggesting that UGI Corporation is relying on a mix of debt and equity to finance its operations and investments. A ratio of 0.59 implies that about 59% of the company's capital structure is funded by debt, while the remaining 41% is financed by equity.
Overall, the trend in UGI Corporation's debt-to-capital ratio indicates a balanced approach to capital structure management, with a slight inclination towards debt financing. This ratio is an important metric for assessing the company's leverage and financial risk, and it will be essential for UGI to monitor and manage this metric effectively to ensure sustainable growth and financial health.
Peer comparison
Sep 30, 2024