UGI Corporation (UGI)
Debt-to-equity 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-equity ratio | 1.48 | 1.42 | 1.42 | 1.55 | 1.49 | 1.53 | 1.31 | 1.30 | 1.07 | 1.08 | 1.06 | 1.23 | 1.15 | 1.16 | 1.25 | 1.37 | 1.45 | 1.46 | 1.44 | 1.48 |
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 shown fluctuations over the past few years, ranging from 1.06 to 1.55. This ratio indicates the proportion of debt and equity financing in the company's capital structure. A higher ratio suggests that UGI has been relying more on debt to finance its operations and growth, which could increase financial risk.
The upward trend in the ratio from 1.06 in March 2022 to 1.55 in December 2023 may raise concerns about the company's increasing leverage and potential challenges in meeting debt obligations. However, the ratio declined to 1.30 by December 2024, indicating a decrease in the reliance on debt financing.
Overall, UGI Corporation's debt-to-equity ratio has been fluctuating, and it is essential for stakeholders to consider the reasons behind these changes to assess the company's financial stability and risk management strategies.
Peer comparison
Sep 30, 2024