UNITIL Corporation (UTL)
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 | 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 | 1,370,800 | 1,309,700 | 1,279,300 | 1,290,200 |
| Total stockholders’ equity | US$ in thousands | 489,300 | 479,800 | 484,400 | 486,400 | 467,600 | 458,800 | 464,300 | 465,300 | 448,500 | 439,600 | 400,800 | 403,300 | 389,200 | 380,800 | 385,700 | 387,900 | 376,800 | 370,000 | 373,000 | 373,900 |
| Financial leverage ratio | 3.41 | 3.38 | 3.29 | 3.32 | 3.40 | 3.44 | 3.33 | 3.34 | 3.43 | 3.43 | 3.69 | 3.66 | 3.80 | 3.74 | 3.59 | 3.55 | 3.64 | 3.54 | 3.43 | 3.45 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,670,400K ÷ $489,300K
= 3.41
Unitil Corp.'s financial leverage ratio has shown slight fluctuations over the past eight quarters, ranging between 3.29 and 3.44. The ratio measures the extent to which the company relies on debt financing versus equity. A higher financial leverage ratio indicates a higher proportion of debt used to finance operations.
Based on the trend observed in the data, Unitil Corp.'s financial leverage ratio has been relatively stable, with no significant upward or downward trend. This stability suggests that the company has maintained a consistent balance between debt and equity in its capital structure over the past two years.
A financial leverage ratio of around 3.30 to 3.40 indicates that Unitil Corp. carries a moderate level of debt in relation to its equity. It is important for the company to carefully manage its debt levels to ensure that it remains financially stable and can meet its debt obligations.
Overall, the analysis of Unitil Corp.'s financial leverage ratio suggests that the company has maintained a relatively steady capital structure, balancing its debt and equity financing over the past eight quarters.
Peer comparison
Dec 31, 2023