UGI Corporation (UGI)
Debt-to-equity ratio
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 6,543,000 | 6,483,000 | 6,339,000 | 5,981,000 | 5,780,000 |
| Total stockholders’ equity | US$ in thousands | 4,386,000 | 6,066,000 | 5,522,000 | 4,128,000 | 3,817,000 |
| Debt-to-equity ratio | 1.49 | 1.07 | 1.15 | 1.45 | 1.51 |
September 30, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $6,543,000K ÷ $4,386,000K
= 1.49
The debt-to-equity ratio for UGI Corp. has exhibited fluctuations over the past five years. As of September 30, 2023, the ratio stands at 1.65, representing an increase from the previous year's 1.15. This suggests a significant rise in the company's reliance on debt to finance its operations and investments relative to its equity. In comparison to the ratios in 2021, 2020, and 2019, the current ratio indicates a higher level of indebtedness, highlighting the potential impact on the company's financial risk and leverage. Further analysis of the components of the company's debt and equity structure would be valuable to gain a more comprehensive understanding of this trend.
Peer comparison
Sep 30, 2023