Atmos Energy (Atmos Energy) Debt-to-Equity : 0.67 (As of Dec. 2023)

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What is Atmos Energy Debt-to-Equity?

Atmos Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $11 Mil. Atmos Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $7,529 Mil. Atmos Energy's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $11,273 Mil. Atmos Energy's debt to equity for the quarter that ended in Dec. 2023 was 0.67.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Atmos Energy's Debt-to-Equity or its related term are showing as below:

ATO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.63 Med: 0.84 Max: 0.98
Current: 0.67

During the past 13 years, the highest Debt-to-Equity Ratio of Atmos Energy was 0.98. The lowest was 0.63. And the median was 0.84.

ATO's Debt-to-Equity is ranked better than
56.3% of 476 companies
in the Utilities - Regulated industry
Industry Median: 0.84 vs ATO: 0.67

Atmos Energy Debt-to-Equity Historical Data

The historical data trend for Atmos Energy's Debt-to-Equity 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.

* Premium members only.

Atmos Energy Debt-to-Equity Chart

Atmos Energy Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

Get a 7-Day Free Trial

0.70

0.96

0.89

0.65

Atmos Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.89	0.64	0.63	0.65	0.67

Competitive Comparison of Atmos Energy's Debt-to-Equity

For the Utilities - Regulated Gas subindustry, Atmos Energy's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

Atmos Energy's Debt-to-Equity Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Atmos Energy's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Atmos Energy's Debt-to-Equity falls into.

Atmos Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Atmos Energy's Debt to Equity Ratio for the fiscal year that ended in Sep. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(289.243	+	6748.585)	/	10870.064
	=	0.65

Atmos Energy's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(11.483	+	7529.273)	/	11273.209
	=	0.67

Atmos Energy (NYSE:ATO) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Atmos Energy Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Atmos Energy's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Atmos Energy (Atmos Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Atmos Energy Corp (NYSE:ATO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

AEO:Germany A1TM34:Brazil

Address

5430 LBJ Freeway, Suite 1800, Three Lincoln Centre, Dallas, TX, USA, 75240

Website

https://www.atmosenergy.com

Atmos Energy is the largest publicly traded, fully regulated, pure-play natural gas utility in the United States, serving more than 3 million customers in Texas, Colorado, Kansas, Kentucky, Louisiana, Mississippi, Tennessee, and Virginia. About two thirds of its earnings come from Texas, where it distributes natural gas in northern Texas and owns an intrastate gas pipeline spanning several key shale gas formations and interconnected with five storage facilities.

Executives

Richard M Thomas	officer: VICE PRESIDENT & CONTROLLER	P O BOX 650205, DALLAS TX 75265-0205
Kim R Cocklin	director	C/O ATMOS ENERGY CORPORATION, PO BOX 650205, DALLAS TX 75256
Diana J Walters	director	5430 LBJ FREEWAY, SUITE 1800, DALLAS TX 75240
John S Mcdill	officer: SR VP, UTILITY OPERATIONS	5430 LBJ FREEWAY, SUITE 1800, DALLAS TX 75240
John C. Ale	director	5430 LBJ FREEWAY, SUITE 1800, DALLAS TX 75240
Christopher T Forsythe	officer: Vice President and Controller	P O BOX 650205, DALLAS TX 75265
Sean Donohue	director	P O BOX 650205, DALLAS TX 75265
J Matt Robbins	officer: SR VP, Human Resources	P O BOX 650205, DALLAS TX 75265-0205
Frank H Yoho	director	5430 LBJ FREEWAY, SUITE 1800, DALLAS TX 75240
Richard A Sampson	director	PO BOX 650205, DALLAS TX 75265
David J Park	officer: SR VP, Utility Operations	P O BOX 650205, DALLAS TX 75265-0205
Richard W Douglas	director	10670 N CENTRAL EXPRESSWAY, DALLAS TX 75231
Nancy K Quinn	director	P O BOX 650205, DALLAS TX 75265
Karen E Hartsfield	officer: SR VP, GC & CORPORATE SEC'Y	P O BOX 650205, DALLAS TX 75265-0205
John K Akers	officer: SR VP, Safety & Enterprise Ser	P O BOX 650205, DALLAS TX 75265-0205