Southwest Gas Holdings (Southwest Gas Holdings) LT-Debt-to-Total-Asset : 0.39 (As of Dec. 2023)

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What is Southwest Gas Holdings LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Southwest Gas Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.39.

Southwest Gas Holdings's long-term debt to total assets ratio increased from Dec. 2022 (0.33) to Dec. 2023 (0.39). It may suggest that Southwest Gas Holdings is progressively becoming more dependent on debt to grow their business.

Southwest Gas Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Southwest Gas Holdings's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Southwest Gas Holdings LT-Debt-to-Total-Asset Chart

Southwest Gas Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.28

0.31

0.32

0.33

0.39

Southwest Gas Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.33	0.39	0.44	0.44	0.39

Southwest Gas Holdings LT-Debt-to-Total-Asset Calculation

Southwest Gas Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	4609.838	/	11869.896
	=	0.39

Southwest Gas Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	4609.838	/	11869.896
	=	0.39

Southwest Gas Holdings (NYSE:SWX) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Southwest Gas Holdings LT-Debt-to-Total-Asset Related Terms

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Southwest Gas Holdings (Southwest Gas Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Southwest Gas Holdings Inc (NYSE:SWX) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

SZR:Germany

Address

8360 South Durango Drive, Post Office Box 98510, Las Vegas, NV, USA, 89193-8510

Website

https://www.swgasholdings.com

Southwest Gas Holdings Inc is a utility company primarily engaged in the purchasing, distributing, and transporting of natural gas in the American Southwest. The company segments its activities into natural gas operations and Utility Infrastructure Services units. The first of these encompasses the company's core natural gas business as one of the largest distributors in the states of Arizona and Nevada. The natural gas operations division is responsible for roughly half of Southwest Gas' total revenue through the sale of natural gas to mainly residential and small commercial customers. The Utility Infrastructure Services segment generates the other half of the company's total revenue from the underground piping contractor services that its subsidiary, Centuri Construction Group, provides.

Executives

Paul M Daily	officer: Executive Officer	C/O SOUTHWEST GAS HOLDINGS, INC., 5241 SPRING MOUNTAIN ROAD, LAS VEGAS NV 89150
Carl C Icahn	10 percent owner	C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH-1, SUNNY ISLES BEACH FL 33160
Robert J Stefani	officer: SVP/Chief Financial Officer	8360 S. DURANGO DRIVE, LAS VEGAS NV 89113
Icahn Partners Lp	10 percent owner	16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Icahn Partners Master Fund Lp	10 percent owner	16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Randall P. Gabe	officer: SVP/Chief Administrative OFC	8360 S. DURANGO DRIVE, LAS VEGAS NV 89113
Amy L. Timperley	officer: SVP/Chief Reg. & Fin. Planning	8360 S. DURANGO DRIVE, LAS VEGAS NV 89113
Ruby Sharma	director	24 ARNOLD DRIVE, PRINCETON JCT. NJ 08550
Jose A Cardenas	director	8360 S. DURANGO DR., LAS VEGAS NV 89113
Boyd S. Nelson	officer: VP/Strategy & Inv Relations	8360 S. DURANGO DR., LAS VEGAS NV 89113
Thomas E. Moran	officer: VP/General Counsel/Corp. Sec	SOUTHWEST GAS HOLDINGS, INC., 8360 SOUTH DURANGO DRIVE, LAS VEGAS NV 89113
Julie M. Williams	officer: SVP/Chief Operations Officer	8360 S. DURANGO DR., LAS VEGAS NV 89113
Lori L Colvin	officer: VP/Controller/CAO	8360 S. DURANGO DR., LAS VEGAS NV 89113
Eric Debonis	officer: SVP/Operations	8360 S. DURANGO DR., LAS VEGAS NV 89113
Andrew Teno	director	C/O FIR TREE INC., 55 WEST 46TH STREET, 29TH FLOOR, NEW YORK NY 10036