Williams Companies Inc (WMB)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 25,713,000 | 23,895,000 | 24,409,000 | 24,412,000 | 22,554,000 | 21,911,000 | 21,520,000 | 24,301,000 | 27,768,000 | 22,362,000 | 27,643,000 | 26,798,000 | 27,043,000 | 26,000,000 | 22,949,000 | 22,531,000 | 25,319,000 | 25,234,000 | 22,274,000 | 24,449,000 |
| Total assets | US$ in thousands | 52,627,000 | 50,788,000 | 49,025,000 | 48,936,000 | 48,433,000 | 48,672,000 | 47,555,000 | 46,049,000 | 47,612,000 | 45,985,000 | 45,507,000 | 45,262,000 | 44,165,000 | 44,320,000 | 45,343,000 | 44,629,000 | 46,040,000 | 46,281,000 | 46,509,000 | 45,970,000 |
| Debt-to-assets ratio | 0.49 | 0.47 | 0.50 | 0.50 | 0.47 | 0.45 | 0.45 | 0.53 | 0.58 | 0.49 | 0.61 | 0.59 | 0.61 | 0.59 | 0.51 | 0.50 | 0.55 | 0.55 | 0.48 | 0.53 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $25,713,000K ÷ $52,627,000K
= 0.49
The debt-to-assets ratio of Williams Cos Inc has remained relatively stable around the range of 0.47 to 0.51 over the past eight quarters. This indicates that, on average, the company finances about 47% to 51% of its assets with debt. A higher debt-to-assets ratio may suggest greater financial risk due to higher levels of debt, while a lower ratio may imply a more conservative financial structure.
Overall, Williams Cos Inc has maintained a moderate level of leverage, which signifies a balanced approach to financing its operations and investments. It is important for investors and creditors to monitor this ratio over time to assess the company's ability to meet its debt obligations and manage financial risks effectively.
Peer comparison
Dec 31, 2023