UGI Corporation (UGI)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 4,345,000 | 4,386,000 | 6,066,000 | 5,522,000 | 4,128,000 |
| Debt-to-equity ratio | 1.48 | 1.49 | 1.07 | 1.15 | 1.45 |
September 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $6,443,000K ÷ $4,345,000K
= 1.48
The debt-to-equity ratio of UGI Corporation has fluctuated over the past five years. In 2024, the ratio stands at 1.48, a slight decrease from the previous year's 1.49. In 2022, the ratio was at its lowest point in the given period, at 1.07. However, it increased to 1.15 in 2023 and then rose notably to 1.45 in 2020.
Overall, the trend indicates that UGI Corporation has been relying more on debt financing compared to equity financing in recent years. A higher debt-to-equity ratio suggests that the company is more leveraged, which could potentially increase financial risk. It is important for investors and stakeholders to closely monitor this ratio to assess the company's ability to manage its debt levels effectively.
Peer comparison
Sep 30, 2024