UNITIL Corporation (UTL)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Total stockholders’ equity | US$ in thousands | 512,500 | 502,400 | 508,800 | 510,800 | 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 |
| Financial leverage ratio | 3.50 | 3.46 | 3.33 | 3.32 | 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 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,794,500K ÷ $512,500K
= 3.50
UNITIL Corporation's financial leverage ratio has shown some fluctuations over the period from March 31, 2020, to December 31, 2024. The ratio ranged from a low of 3.29 to a high of 3.80 during this period. Overall, the trend in financial leverage ratio indicates a moderate level of leverage, with the ratio hovering around 3.5 for most quarters.
During the period, there were some variations in the ratio, with slight increases and decreases observed. In the most recent quarter ending December 31, 2024, the financial leverage ratio stood at 3.50, indicating a slightly higher level of leverage compared to the earlier quarters. However, it is essential to note that the changes in the financial leverage ratio were relatively small, suggesting a stable capital structure for UNITIL Corporation.
Considering the financial leverage ratio trend, UNITIL Corporation maintains a consistent level of leverage, which can be considered moderate and relatively stable over the analyzed period. The company appears to be managing its debt obligations effectively, maintaining a balance between debt and equity to support its operations and growth initiatives.
Peer comparison
Dec 31, 2024