NorthWestern Energy Group (FRA:NWZA) LT-Debt-to-Total-Asset : 0.36 (As of Mar. 2024)

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What is NorthWestern Energy Group 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. NorthWestern Energy Group's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.36.

NorthWestern Energy Group's long-term debt to total assets ratio increased from Mar. 2023 (0.32) to Mar. 2024 (0.36). It may suggest that NorthWestern Energy Group is progressively becoming more dependent on debt to grow their business.

NorthWestern Energy Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for NorthWestern Energy Group'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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NorthWestern Energy Group LT-Debt-to-Total-Asset Chart

NorthWestern Energy Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.37

0.38

0.34

0.35

NorthWestern Energy Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.32	0.35	0.34	0.35	0.36

NorthWestern Energy Group LT-Debt-to-Total-Asset Calculation

NorthWestern Energy Group'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 )
	=	2466.818	/	6969.798
	=	0.35

NorthWestern Energy Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	2549.967	/	7022.759
	=	0.36

NorthWestern Energy Group (FRA:NWZA) 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.

NorthWestern Energy Group LT-Debt-to-Total-Asset Related Terms

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NorthWestern Energy Group (FRA:NWZA) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » NorthWestern Energy Group Inc (FRA:NWZA) » Definitions » LT-Debt-to-Total-Asset

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NWE:USA

Address

3010 West 69th Street, Sioux Falls, SD, USA, 57108

Website

https://www.northwesternenergy.com

NorthWestern Energy Group Inc provides electricity and natural gas services in the Upper Midwest and Northwest of the U.S. in the states of Montana, South Dakota, Nebraska, and Yellowstone National Park. The company's primary segments include Electric utility operations, which include the generation, purchase, transmission, and distribution of electricity, and Natural Gas utility operations, which include the production, purchase, transmission, storage, and distribution of natural gas. The company uses thermal, wind, hydro, or renewable energy in varying quantities, depending on the location of the facilities, to generate power. The company derives the majority of retail electric utility revenue from commercial and residential sales.

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