Southwest Gas Holdings (Southwest Gas Holdings) Debt-to-Equity

: 1.60 (As of Dec. 2023)

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Southwest Gas Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $671 Mil. Southwest Gas Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4,610 Mil. Southwest Gas Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $3,310 Mil. Southwest Gas Holdings's debt to equity for the quarter that ended in Dec. 2023 was 1.60.

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 Southwest Gas Holdings's Debt-to-Equity or its related term are showing as below:

SWX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.96 Med: 1.09 Max: 2.14
Current: 1.6

During the past 13 years, the highest Debt-to-Equity Ratio of Southwest Gas Holdings was 2.14. The lowest was 0.96. And the median was 1.09.

SWX's Debt-to-Equity is ranked worse than
76.37% of 474 companies
in the Utilities - Regulated industry
Industry Median: 0.84 vs SWX: 1.60

Southwest Gas Holdings Debt-to-Equity Historical Data

The historical data trend for Southwest Gas Holdings'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.

Southwest Gas Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

1.07

1.08

2.14

1.96

1.60

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
Debt-to-Equity																1.96	1.54	1.64	1.65	1.60

Competitive Comparison

For the Utilities - Regulated Gas subindustry, Southwest Gas Holdings'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.

Southwest Gas Holdings Debt-to-Equity Distribution

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

* The bar in red indicates where Southwest Gas Holdings's Debt-to-Equity falls into.

Southwest Gas Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Southwest Gas Holdings's Debt to Equity Ratio for the fiscal year 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
	=	(671.052	+	4609.838)	/	3310.036
	=	1.60

Southwest Gas Holdings'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
	=	(671.052	+	4609.838)	/	3310.036
	=	1.60

Southwest Gas Holdings (NYSE:SWX) 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.

Southwest Gas Holdings Debt-to-Equity 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 » Debt-to-Equity

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