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Southwest Gas HoldingsSWX -0.34%65 Cash-to-Debt is 0.08 as of Jun. 2026, which is 167% above its 10-year median of 0.03. GuruFocus rates SWX with a GF Score™ of 65/100 and a GF Value™ of $53.66 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 484 Utilities - Regulated companies, Southwest Gas Holdings ranks worse than 74.59% on this metric.
Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Southwest Gas Holdings's cash to debt ratio for the quarter that ended in Jun. 2026 was 0.08.
If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Southwest Gas Holdingscouldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2026.
The historical rank and industry rank for Southwest Gas Holdings's Cash-to-Debt or its related term are showing as below:
SWX'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.03 Max: 0.22
Current: 0.08
During the past 13 years, Southwest Gas Holdings's highest Cash to Debt Ratio was 0.22. The lowest was 0.01. And the median was 0.03.
SWX's Cash-to-Debt is ranked worse than 74.59% of 484
companies
in the Utilities - Regulated industry
Industry Median: 0.23
vs SWX: 0.08
Southwest Gas Holdings (NYSE:SWX) Cash-to-Debt Explanation
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.
Southwest Gas Holdings Cash-to-Debt Related Terms
Southwest Gas Holdings Cash-to-Debt Historical Data
* 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.
Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
For the Utilities - Regulated Gas subindustry, Southwest Gas Holdings's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Southwest Gas Holdings Cash-to-Debt vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Southwest Gas Holdings's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Southwest Gas Holdings's Cash-to-Debt falls into.
* 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.
Southwest Gas Holdings (SWX) has a Cash-to-Debt of 0.08 as of Jun. 2026. This is 167% above median its historical median of 0.03. Over the past decade, Southwest Gas Holdings' Cash-to-Debt has ranged from 0.01 to 0.22. According to the industry distribution chart, Southwest Gas Holdings ranks #361 out of 484 companies in the Utilities - Regulated industry, placing it in the top 74.6%.
Is Southwest Gas Holdings' Cash-to-Debt too high?
Southwest Gas Holdings' current Cash-to-Debt of 0.08 is 167% above median its 10-year median of 0.03. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.22. The Utilities - Regulated industry median Cash-to-Debt is 0.23. Southwest Gas Holdings' value of 0.08 is 65.2% below this industry median. Based on the distribution chart, Southwest Gas Holdings ranks #361 out of 484 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Southwest Gas Holdings has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Southwest Gas Holdings' Cash-to-Debt compare to NJR and BKH?
According to the Utilities - Regulated industry distribution chart, Southwest Gas Holdings ranks #361 out of 484 companies for Cash-to-Debt. This places Southwest Gas Holdings in the lower half of its industry. The industry median Cash-to-Debt is 0.23. Southwest Gas Holdings' value of 0.08 is 65.2% below this benchmark. Historically, Southwest Gas Holdings' own Cash-to-Debt has ranged from 0.01 to 0.22 over the past decade. While the company's 10-year median is 0.03 vs. the industry median of 0.23, Southwest Gas Holdings has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for an Utilities - Regulated company?
The median Cash-to-Debt among Utilities - Regulated companies is 0.23, based on 484 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Southwest Gas Holdings's current Cash-to-Debt of 0.08 is 65.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Utilities - Regulated industry, the median Cash-to-Debt is 0.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Southwest Gas Holdings's current Cash-to-Debt is 0.08, which is 167% above median its own 10-year median of 0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Southwest Gas Holdings stock overvalued right now?
Based on GuruFocus' analysis, Southwest Gas Holdings (SWX) is currently considered Significantly Overvalued. The stock's GF Value™ is $53.66, compared to a current price of $92.09 — trading 71.6% above its estimated fair value. The current Cash-to-Debt is 0.08, which is 167% above median its 10-year median of 0.03 and 65.2% below the Utilities - Regulated industry median of 0.23. Southwest Gas Holdings' overall GF Score™ is 65/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Southwest Gas Holdings (SWX), the current Cash-to-Debt is 0.08 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Southwest Gas Holdings (SWX) Overvalued in 2026?
Based on GuruFocus' analysis, Southwest Gas Holdings stock appears to be overvalued.
The current stock price of $92.09 is trading 71.6% above its estimated GF Value™ of $53.66.
GuruFocus considers Southwest Gas Holdings to be Significantly Overvalued.
Key valuation signals for SWX:
Cash-to-Debt: 0.08 (167% above median its 10-year median of 0.03)
GF Value™: $53.66 vs. price of $92.09 (71.6% above fair value)
Industry Position: 65.2% below the Utilities - Regulated median (#361 of 484)
No single metric tells the full story. See the SWX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Southwest Gas Holdings Inc is a utility company engaged in the purchasing, distributing, and transporting of natural gas in the American Southwest. The company segments its activities into natural gas distribution segment. The Natural gas distribution segment encompasses the company's core natural gas business as distributors in the states of Arizona and Nevada. Its division is responsible for roughly half of Southwest Gas' total revenue through the sale of natural gas to mainly residential and small commercial customers.
65GF Score
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