UNITIL Corporation (UTL)

Debt-to-assets ratio

Dec 31, 2024 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
Long-term debt US$ in thousands 638,400 638,400 506,400 507,900 509,100 509,000 486,200 488,000 489,100 493,100 495,100 496,600 497,800 501,300 505,300 515,800 523,100 529,000 436,400 436,300
Total assets US$ in thousands 1,794,500 1,737,100 1,695,000 1,697,900 1,670,400 1,620,200 1,595,300 1,614,700 1,590,400 1,578,900 1,547,100 1,552,300 1,540,300 1,509,000 1,477,100 1,477,000 1,477,900 1,423,900 1,384,500 1,378,400
Debt-to-assets ratio 0.36 0.37 0.30 0.30 0.30 0.31 0.30 0.30 0.31 0.31 0.32 0.32 0.32 0.33 0.34 0.35 0.35 0.37 0.32 0.32

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $638,400K ÷ $1,794,500K
= 0.36

The debt-to-assets ratio of UNITIL Corporation has shown relatively stable performance over the analyzed period. The ratio has hovered around the range of 0.30 to 0.37, reflecting a moderate level of indebtedness in relation to the company's total assets. The consistent values near the lower end of the range suggest that UNITIL has maintained a prudent balance between debt financing and asset utilization. This indicates a relatively healthy financial position, with a manageable level of debt in comparison to the total assets held by the company.