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<< Back to Financial Strength by Company within Natural Gas Utilities Industry
Natural Gas Utilities Industry Financial Strength Information
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Financial Strength Information & Trends  |
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Industry: Natural Gas Utilities ▼
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Category:
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| Natural Gas Utilities Industry |
3 Q |
2 Q |
1 Q |
4 Q |
3 Q |
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2024 |
2024 |
2024 |
2023 |
2023 |
| Quick Ratio (TTM) |
0.15 |
0.14 |
0.16 |
0.14 |
0.15 |
| Quick Ratio Ranking |
# 83 |
# 85 |
# 82 |
# 84 |
# 83 |
| Working Capital Ratio (TTM) |
0.91 |
0.93 |
0.94 |
0.97 |
0.96 |
| Working Capital Ratio Ranking |
# 88 |
# 86 |
# 85 |
# 84 |
# 86 |
| Working Capital Per Revenue |
- |
- |
- |
- |
- |
| Working Capital Per Revenue Ranking |
# 14 |
# 16 |
# 17 |
# 22 |
# 16 |
| Leverage Ratio (TTM) |
3.42 |
3.75 |
3.43 |
4.31 |
4.11 |
| Leverage Ratio Ranking |
# 75 |
# 77 |
# 79 |
# 86 |
# 80 |
| Total Debt to Equity (TTM) |
2.04 |
2.14 |
2.02 |
2.29 |
2.33 |
| Total Debt to Equity Ranking |
# 94 |
# 94 |
# 94 |
# 95 |
# 93 |
| Interest Coverage (TTM) |
30.31 |
26.23 |
9.58 |
12.32 |
11.56 |
| Interest Coverage
Ranking |
# 18 |
# 19 |
# 44 |
# 37 |
# 34 |
| Debt Coverage (TTM) |
0.22 |
0.24 |
0.24 |
0.27 |
0.27 |
| Debt Coverage Ranking |
# 79 |
# 75 |
# 69 |
# 61 |
# 69 |
| Quick Ratio Comment |
On the trailing twelve months basis Natural Gas Utilities Industry's Cash & cash equivalent grew by 2.07 % in the 3 Q 2024 sequentially, faster than Current Liabilities, this led to improvement in Natural Gas Utilities Industry's Quick Ratio to 0.15 in the 3 Q 2024,, Quick Ratio remained below Natural Gas Utilities Industry average.
Within Utilities sector, Natural Gas Utilities Industry achieved the highest Quick Ratio. Quick Ratio total ranking has improved so far to 83, from total ranking in previous quarter at 85. |
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 2024 |
| High |
Average |
Low |
| 0.27 |
0.16 |
0.11 |
| 4. quarter 2020 |
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4. quarter 2022 |
| Quick Ratio Industry Ranking |
| Within: |
No. |
| Sector |
# 1 |
| Overall |
# 83
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| Natural Gas Utilities Industry Working Capital Ratio Statistics as of 3 Q 2024 |
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| Working Capital Ratio Statistics as of 3 Q 2024 |
| High |
Average |
Low |
| 1.3 |
0.98 |
0.72 |
| 1. quarter 2016 |
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4. quarter 2019 |
| Working Capital Ratio Comment |
On the trailing twelve months basis Due to increase in Current Liabilities in the 3 Q 2024, Working Capital Ratio fell to 0.91 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 deteriorated relative to the previous quarter from 86 to 88.
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| Working Capital Ratio Industry Ranking |
| Within: |
No. |
| Sector |
# 1 |
| Overall |
# 88
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| Natural Gas Utilities Industry Working Capital Per Revenue
Statistics as of 3 Q 2024 |
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| 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 has improved to 14, from total ranking in previous quarter at 16.
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| Working Capital Per Revenue Statistics as of 3 Q 2024 |
| High |
Average |
Low |
| 0.06 |
-0.01 |
-0.08 |
| 1. quarter 2016 |
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4. quarter 2019 |
| Working Capital Per Revenue Industry Ranking |
| Within: |
No. |
| Sector |
# 3 |
| Overall |
# 14
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| Natural Gas Utilities Industry Leverage Ratio Statistics as of 3 Q 2024 |
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| Leverage Ratio Statistics as of 3 Q 2024 |
| High |
Average |
Low |
| 4.31 |
2.13 |
0.92 |
| 4. quarter 2023 |
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1. quarter 2016 |
| Leverage Ratio Comment |
Due to repayements of liabilities of 2.33% Industry improved Liabilities to Equity ratio in 3 Q 2024 to 3.42, above Natural Gas Utilities Industry average.
Among other Industries in the Utilities sector 2 other industries have achieved lower Leverage Ratio.
Leverage Ratio total ranking has improved so far to 75, from overall ranking in the previous quarter at 77.
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| Leverage Ratio Industry Ranking |
| Within: |
No. |
| Sector |
# 3 |
| Overall |
# 75
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| Natural Gas Utilities Industry Total Debt to Equity Ratio Statistics as of 3 Q 2024 |
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| Debt to Equity
Ratio Comment |
Due to debt repayement of 2.68% Industry improved Total Debt to Equity in 3 Q 2024 to 2.04, above Industry average.
Within Utilities sector 2 other industries have achieved lower Debt to Equity Ratio. Total ranking remained the same like in the preceding quarter at no. 94.
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| Debt to Equity Ratio Statistics as of 3 Q 2024 |
| High |
Average |
Low |
| 2.33 |
0.61 |
0.06 |
| 3. quarter 2023 |
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3. quarter 2015 |
| Debt to Equity Industry Ranking |
| Within: |
No. |
| Sector |
# 3 |
| Overall |
# 94
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| Natural Gas Utilities Industry Interest Coverage Ratio Statistics as of 3 Q 2024 |
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| Interest Coverage Ratio Statistics as of 3 Q 2024 |
| High |
Average |
Low |
| 30.31 |
8.19 |
2.78 |
| 3. quarter 2024 |
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2. quarter 2016 |
| Interest Coverage Ratio Comment |
On the trailing twelve months basis interest expenses decreased faster than Industry's ebitda, this led to improvement in Industry's Interest Coverage Ratio to 30.31 a new Industry high.
In the Utilities sector, Natural Gas Utilities Industry achieved the highest Interest Coverage Ratio. Interest Coverage total ranking has improved so far to 18, from total ranking in previous quarter at 19.
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| Interest Coverage Ratio Industry Ranking |
| Within: |
No. |
| Sector |
# 1 |
| Overall |
# 18
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| Natural Gas Utilities Industry Debt Coverage
Statistics as of 3 Q 2024 |
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| Debt Coverage Ratio Comment |
On the trailing twelve months basis Due to increase in total debt in 3 Q 2024, Debt Coverage Ratio fell to 0.22 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 declined from the preceding period from 75 to 79.
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| Debt Coverage Statistics as of 3 Q 2024 |
| High |
Average |
Low |
| 3.97 |
1.66 |
0.18 |
| 3. quarter 2021 |
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2. quarter 2022 |
| Debt Coverage Industry Ranking |
| Within: |
No. |
| Sector |
# 1 |
| Overall |
# 79
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Date modified: 2025-01-18T17:21:57+00:00
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