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

Company name
Symbol
Debt-to-equity ratio
UGI Corporation
UGI
1.49
Sempra Energy
SRE
0.00