Williams Companies Inc (WMB)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 12,402,000 | 11,845,000 | 11,679,000 | 11,785,000 | 11,485,000 | 11,319,000 | 11,226,000 | 11,316,000 | 11,423,000 | 11,198,000 | 11,512,000 | 11,702,000 | 11,769,000 | 12,065,000 | 12,212,000 | 12,354,000 | 13,363,000 | 13,621,000 | 13,848,000 | 14,406,000 |
| Debt-to-capital ratio | 0.67 | 0.67 | 0.68 | 0.67 | 0.66 | 0.66 | 0.66 | 0.68 | 0.71 | 0.67 | 0.71 | 0.70 | 0.70 | 0.68 | 0.65 | 0.65 | 0.65 | 0.65 | 0.62 | 0.63 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $25,713,000K ÷ ($25,713,000K + $12,402,000K)
= 0.67
The debt-to-capital ratio of Williams Cos Inc has been relatively stable over the past eight quarters, ranging from 0.66 to 0.68. This indicates that the company has been consistent in its capital structure, maintaining a balance between debt and equity financing. A debt-to-capital ratio of around 0.67 to 0.68 suggests that approximately 67% to 68% of the company's capital structure is funded by debt, with the remainder financed by equity. This moderate level of leverage could indicate that Williams Cos Inc may be effectively managing its debt obligations and financial risks. It is important for investors and stakeholders to monitor this ratio over time to assess any significant changes in the company's capital structure and financial health.
Peer comparison
Dec 31, 2023