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Natural Gas Utilities Industry Financial Strength Information
Financial Strength Information & Trends  
 


Category:   Period:  

Natural Gas Utilities Industry 3 Q 2 Q 1 Q 4 Q 3 Q
  2023 2023 2023 2022 2022
Quick Ratio (TTM) 0.15 0.14 0.12 0.11 0.12
Quick Ratio Ranking # 69 # 84 # 91 # 91 # 97
Working Capital Ratio (TTM) 0.91 0.91 0.92 0.89 0.88
Working Capital Ratio Ranking # 76 # 91 # 90 # 92 # 98
Working Capital Per Revenue - - - - -
Working Capital Per Revenue Ranking # 19 # 14 # 16 # 13 # 9
Leverage Ratio (TTM) 3.34 3.5 3.59 3.98 3.81
Leverage Ratio Ranking # 84 # 78 # 79 # 86 # 85
Total Debt to Equity (TTM) 1.95 2.02 2.05 2.25 2.2
Total Debt to Equity Ranking # 89 # 93 # 92 # 95 # 97
Interest Coverage (TTM) 11.97 10.63 9.82 8.56 6.95
Interest Coverage Ranking # 6 # 42 # 43 # 59 # 75
Debt Coverage (TTM) 0.27 0.24 0.24 0.2 0.19
Debt Coverage Ranking # 53 # 71 # 72 # 82 # 91

New: More Natural Gas Utilities Industry historic financial strength information >>

Quick Ratio Comment
On the trailing twelve months basis Natural Gas Utilities Industry's Cash & cash equivalent grew by 15.37 % in the 3 Q 2023 sequentially, while Current Liabilities decreased, this led to improvement in Natural Gas Utilities Industry's Quick Ratio to 0.15 in the 3 Q 2023,, Quick Ratio remained below Natural Gas Utilities Industry average.



Within Utilities sector only one Industry has accomplished higher Quick Ratio. Quick Ratio total ranking has improved so far to 69, from total ranking in previous quarter at 84.

Note, Numbers include only companies who have reported earnings results. Numbers change as more businesses report financial results. See the full List.

Quick Ratio Statistics as of 3 Q 2023
High Average Low
0.27 0.16 0.11
4. quarter 2020   4. quarter 2022

Quick Ratio Industry Ranking
Within: No.
Sector # 2
Overall # 69


Other Quick Ratios
Compare Industry's quick ratio to Nfe's or S&P Constituent list of Natural Gas Utilities Industry
Highest Ranking Quick Ratios Lowest Ranking Quick Ratios
Quick Ratios for NFE's Competitors Definiton of Quick Ratio


Natural Gas Utilities Industry Working Capital Ratio Statistics as of 3 Q 2023
 



Working Capital Ratio Statistics as of 3 Q 2023
High Average Low
1.3 0.98 0.72
1. quarter 2016   4. quarter 2019



Working Capital Ratio Comment
On the trailing twelve months basis Despite sequential decrease in Current Liabilities, Working Capital Ratio detoriated to 0.91 in the 3 Q 2023 below Natural Gas Utilities Industry average.



Within Utilities sector, Natural Gas Utilities Industry accomplished the highest Working Capital Ratio. Working Capital Ratio total ranking has improved to 76, from total ranking in previous quarter at 91.



Working Capital Ratio Industry Ranking
Within: No.
Sector # 1
Overall # 76

Other Working Capital Ratios
Highest Ranking Working Capital Ratios Lowest Ranking Working Capital Ratios
Compare Industry's Working Capital ratio to Nfe's or S&P Constituent list of Natural Gas Utilities Industry
Working Capital ratios for NFE's Competitors Definiton of Working Capital Ratio

Natural Gas Utilities Industry Working Capital Per Revenue Statistics as of 3 Q 2023
 
Working Capital Per Revenue Comment
On the trailing twelve months basis



Within Utilities sector 2 other industries have achieved lower Working Capital Per Revenue. Working Capital Per Revenue total ranking fell in contrast to the preceding quarter from 14 to 19.




Working Capital Per Revenue Statistics as of 3 Q 2023
High Average Low
0.06 -0.01 -0.08
1. quarter 2016   4. quarter 2019


Working Capital Per Revenue Industry Ranking
Within: No.
Sector # 3
Overall # 19



Other Working Capital Per Revenue
Compare Industry's Working Capital Per Revenue to Nfe's or S&P Constituent list of Natural Gas Utilities Industry
Return On Assets for Natural Gas Utilities Industry Definiton of Working Capital Per Revenue



Natural Gas Utilities Industry Leverage Ratio Statistics as of 3 Q 2023
 


Leverage Ratio Statistics as of 3 Q 2023
High Average Low
5.17 1.98 0.92
3. quarter 2023   1. quarter 2016



Leverage Ratio Comment
Due to repayements of liabilities of 0.16% Industry improved Liabilities to Equity ratio in 3 Q 2023 to 3.34, above Natural Gas Utilities Industry average.



Among other Industries in the Utilities sector 2 other industries have achieved lower Leverage Ratio.



Leverage Ratio overall ranking has fallen relative to the prior quarter from 78 to 84.



Leverage Ratio Industry Ranking
Within: No.
Sector # 3
Overall # 84

Other Leverage Ratios
Compare Industry's Leverage ratio to Nfe's or S&P Bond Interest rates
Highest Ranking Leverage Ratios Lowest Ranking Leverage Ratios
Leverage Ratios for NFE's Competitors What is Leverage Ratio?


Natural Gas Utilities Industry Total Debt to Equity Ratio Statistics as of 3 Q 2023
 
Debt to Equity Ratio Comment
Due to debt repayement of 0.79% Industry improved Total Debt to Equity in 3 Q 2023 to 1.95, above Industry average.



Within Utilities sector 2 other industries have achieved lower Debt to Equity Ratio. Debt to Equity Ratio total ranking has improved so far to 89, from total ranking in previous quarter at 93.




Debt to Equity Ratio Statistics as of 3 Q 2023
High Average Low
3.05 0.47 0.06
3. quarter 2023   3. quarter 2015



Debt to Equity Industry Ranking
Within: No.
Sector # 3
Overall # 89

Other Debt to Equity Ratios
Highest Ranking Debt to Equity Ratios Lowest Ranking Debt to Equity Ratios
Compare Industry's Debt to Equity ratio to Nfe's or S&P Definiton of Debt to Equity Ratio

Natural Gas Utilities Industry Interest Coverage Ratio Statistics as of 3 Q 2023
 


Interest Coverage Ratio Statistics as of 3 Q 2023
High Average Low
44.73 7.84 2.78
3. quarter 2023   2. quarter 2016

Interest Coverage Ratio Comment
On the trailing twelve months basis Natural Gas Utilities Industry's ebitda grew by 11.93 % in 3 Q 2023 sequentially, while interest expenses decreased, this led to improvement in Industry's Interest Coverage Ratio to 11.97 , above Natural Gas Utilities Industry average Interest Coverage Ratio.



In the Utilities sector, Natural Gas Utilities Industry achieved the highest Interest Coverage Ratio. Interest Coverage total ranking has improved so far to 6, from total ranking in previous quarter at 42.



Interest Coverage Ratio Industry Ranking
Within: No.
Sector # 1
Overall # 6

Other Interest Coverage Ratios
Highest Ranking Interest Coverage Ratios Lowest Ranking Interest Coverage Ratios
Compare Industry's Interest Coverage ratio to Nfe's or S&P Definiton of Interest Coverage Ratio


Natural Gas Utilities Industry Debt Coverage Statistics as of 3 Q 2023
 
Debt Coverage Ratio Comment
On the trailing twelve months basis Natural Gas Utilities Industry's ebitda grew by 11.93 % in 3 Q 2023 sequentially, faster than total debt, this led to improvement in Industry's Debt Coverage Ratio to 0.27 , Debt Coverage Ratio remained below Natural Gas Utilities Industry average.



Looking into Utilities sector, Natural Gas Utilities Industry accomplished the highest debt coverage ratio. Debt Coverage Ratio total ranking has improved to 53, from total ranking in previous quarter at 71.




Debt Coverage Statistics as of 3 Q 2023
High Average Low
3.97 1.8 0.18
3. quarter 2021   2. quarter 2022



Debt Coverage Industry Ranking
Within: No.
Sector # 1
Overall # 53

Other Debt Coverage Ratios
Highest Ranking Debt Coverage Ratios Lowest Ranking Debt Coverage Ratios
See also Natural Gas Utilities Industry's Margin Definiton of Debt Coverage Ratio

Date modified: 2023-11-28T11:44:26+00:00



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