SWX (Southwest Gas Holdings) Debt-to-Revenue : 2.45 (As of Jun. 2026)

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SWX Southwest Gas Holdings Inc SWX
69 GF Score
Price $88.88
GF Value $54.76
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Southwest Gas Holdings Debt-to-Revenue?

Southwest Gas Holdings SWX +0.93% 69 Debt-to-Revenue is 2.45 as of Jun. 2026. GuruFocus rates SWX with a GF Score™ of 69/100 and a GF Value™ of $54.76 (Significantly Overvalued). The stock has 9 warning signs investors should review.

Debt-to-Revenue measures a company's ability to pay off its debt.

Southwest Gas Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was $100 Mil. Southwest Gas Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was $3,410 Mil. Southwest Gas Holdings's annualized Revenue for the quarter that ended in Jun. 2026 was $1,433 Mil. Southwest Gas Holdings's annualized Debt-to-Revenue for the quarter that ended in Jun. 2026 was 2.45.


Southwest Gas Holdings Debt-to-Revenue Historical Data

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The historical data trend for Southwest Gas Holdings's Debt-to-Revenue 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.

Southwest Gas Holdings Debt-to-Revenue Chart

Southwest Gas Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.72 1.21 2.08 1.69 1.81

Southwest Gas Holdings Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Debt-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.96 2.77 1.82 1.50 2.45

SWX vs BKH, NJR, OGS: Debt-to-Revenue Comparison

For the Utilities - Regulated Gas subindustry, Southwest Gas Holdings's Debt-to-Revenue, along with its competitors' market caps and Debt-to-Revenue 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-Revenue vs Utilities - Regulated Industry

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

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


SWX
69GF Score
Southwest Gas Holdings Inc SWX
Debt-to-Revenue is just one metric. See GF Score™, valuation, warning signs, and more.
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Southwest Gas Holdings Debt-to-Revenue Calculation

Debt-to-Revenue measures a company's ability to pay off its debt.

Southwest Gas Holdings's Debt-to-Revenue for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-Revenue=Total Debt / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(75 + 3433.012) / 1940.38
=1.81

Southwest Gas Holdings's annualized Debt-to-Revenue for the quarter that ended in Jun. 2026 is calculated as

Debt-to-Revenue=Total Debt / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(100 + 3409.859) / 1432.616
=2.45

* 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.

In the calculation of annual Debt-to-Revenue, the Revenue of the last fiscal year is used. In calculating the annualized quarterly data, the Revenue data used here is four times the quarterly (Jun. 2026) Revenue data.

Frequently Asked Questions Learn more about Debt-to-Revenue →
What does a Debt-to-Revenue of 2.45 mean?
Southwest Gas Holdings (SWX) has a Debt-to-Revenue of 2.45 as of Jun. 2026.
Is Southwest Gas Holdings' Debt-to-Revenue too high?
Southwest Gas Holdings' current Debt-to-Revenue is 2.45. Overall, Southwest Gas Holdings has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Southwest Gas Holdings' Debt-to-Revenue compare to BKH and NJR?
Southwest Gas Holdings' Debt-to-Revenue of 2.45 can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Revenue for an Utilities - Regulated company?
A good Debt-to-Revenue depends on the Utilities - Regulated industry context. However, Debt-to-Revenue should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Revenue mean?
A high Debt-to-Revenue can signal that a stock is expensive relative to its fundamentals. Southwest Gas Holdings's current Debt-to-Revenue is 2.45. 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 $54.76, compared to a current price of $88.88 — trading 62.3% above its estimated fair value. The current Debt-to-Revenue is 2.45. Southwest Gas Holdings' overall GF Score™ is 69/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Revenue calculated?
Debt-to-Revenue is calculated from a company's financial statements. For Southwest Gas Holdings (SWX), the current Debt-to-Revenue is 2.45 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 $88.88 is trading 62.3% above its estimated GF Value™ of $54.76. GuruFocus considers Southwest Gas Holdings to be Significantly Overvalued.

Key valuation signals for SWX:

  • Debt-to-Revenue: 2.45
  • GF Value™: $54.76 vs. price of $88.88 (62.3% above fair value)
  • GF Score™: 69/100 with 9 warning signs

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 Business Description

Address 8360 South Durango Drive, Post Office Box 98510, Las Vegas, NV, USA, 89113
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.
69GF Score

Get the complete analysis for SWX

Debt-to-Revenue is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$88.88
Price
$54.76
GF Value