UGI Corporation (UGI)
Financial leverage ratio
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 15,716,000 | 15,401,000 | 15,243,000 | 16,429,000 | 17,128,000 | 17,575,000 | 17,111,000 | 17,777,000 | 16,800,000 | 16,723,000 | 15,006,000 | 14,945,000 | 14,725,000 | 13,985,000 | 13,843,000 | 14,136,000 | 14,286,000 | 13,347,000 | 12,018,900 | 12,350,900 |
| Total stockholders’ equity | US$ in thousands | 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 | 3,817,000 | 3,820,900 | 3,853,000 |
| Financial leverage ratio | 3.55 | 3.51 | 3.49 | 3.16 | 3.31 | 2.90 | 2.85 | 2.87 | 3.14 | 3.03 | 2.94 | 3.10 | 3.32 | 3.39 | 3.36 | 3.46 | 3.58 | 3.50 | 3.15 | 3.21 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $15,716,000K ÷ $4,423,000K
= 3.55
The financial leverage ratio of UGI Corp has been showing an increasing trend over the past eight quarters. The ratio stood at 2.87 in Q2 2022 and has been steadily rising to reach 3.55 in Q1 2024. This indicates that the company has been relying more on debt to finance its operations and investments over this period. The significant increase in the financial leverage ratio suggests that UGI Corp may be taking on more debt relative to its equity, which could increase its financial risk and interest expenses. It would be essential for stakeholders to monitor this trend closely to assess the company's ability to meet its debt obligations and manage its leverage effectively.
Peer comparison
Dec 31, 2023