Williams Companies Inc (WMB)

Debt-to-capital 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	25,830,000	27,248,000	24,884,000	26,887,000	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
Total stockholders’ equity	US$ in thousands	12,436,000	12,428,000	12,296,000	12,449,000	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
Debt-to-capital ratio		0.68	0.69	0.67	0.68	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

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $25,830,000K ÷ ($25,830,000K + $12,436,000K)
= 0.68

The debt-to-capital ratio of Williams Companies Inc has been relatively stable over the past few years, ranging between 0.65 and 0.71. This ratio indicates the proportion of the company's capital structure that is financed by debt. A ratio of 0.65 to 0.71 suggests that the company relies more on debt financing compared to equity financing.

While the ratio has shown some fluctuations, it has generally remained within a narrow range, indicating a consistent approach to maintaining a certain level of debt in relation to the total capital structure. Monitoring this ratio over time can provide insights into the company's financial leverage and risk management strategies, as well as its ability to service its debt obligations.