UGI Corporation (UGI)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 15,098,000 | 15,066,000 | 15,624,000 | 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 |
| 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 |
| Financial leverage ratio | 3.47 | 3.22 | 3.24 | 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 |
September 30, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $15,098,000K ÷ $4,345,000K
= 3.47
The financial leverage ratio of UGI Corporation has shown fluctuations over the past few quarters, ranging from a low of 2.85 to a high of 3.58. The ratio measures the proportion of the company's debt to its equity, indicating the extent to which UGI is relying on debt to finance its operations and growth.
A higher financial leverage ratio suggests that the company is more reliant on debt financing, which can increase financial risk due to interest payments and potential cash flow challenges. On the other hand, a lower ratio indicates a lower level of debt relative to equity, which can be viewed positively in terms of financial stability and lower risk.
In general, the trend of UGI's financial leverage ratio has shown some volatility, with fluctuations both upwards and downwards. Investors and analysts may want to closely monitor this ratio to assess the company's debt management and financial risk profile.
Peer comparison
Sep 30, 2024