Piedmont Natural Gas Co (Piedmont Natural Gas Co) Liabilities-to-Assets : 0.73 (As of Jul. 2016)

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What is Piedmont Natural Gas Co Liabilities-to-Assets?

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. Piedmont Natural Gas Co's Total Liabilities for the quarter that ended in Jul. 2016 was $4,053 Mil. Piedmont Natural Gas Co's Total Assets for the quarter that ended in Jul. 2016 was $5,575 Mil. Therefore, Piedmont Natural Gas Co's Liabilities-to-Assets Ratio for the quarter that ended in Jul. 2016 was 0.73.

Piedmont Natural Gas Co Liabilities-to-Assets Historical Data

The historical data trend for Piedmont Natural Gas Co's Liabilities-to-Assets 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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Piedmont Natural Gas Co Liabilities-to-Assets Chart

Piedmont Natural Gas Co Annual Data

Trend

Oct06

Oct07

Oct08

Oct09

Oct10

Oct11

Oct12

Oct13

Oct14

Oct15

Liabilities-to-Assets

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0.69

0.73

0.72

Piedmont Natural Gas Co Quarterly Data
	Oct11	Jan12	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16
Liabilities-to-Assets	Get a 7-Day Free Trial															0.72	0.72	0.73	0.72	0.73

Competitive Comparison of Piedmont Natural Gas Co's Liabilities-to-Assets

For the Utilities - Regulated Gas subindustry, Piedmont Natural Gas Co's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets 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.

Piedmont Natural Gas Co's Liabilities-to-Assets Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Piedmont Natural Gas Co's Liabilities-to-Assets distribution charts can be found below:

* The bar in red indicates where Piedmont Natural Gas Co's Liabilities-to-Assets falls into.

Piedmont Natural Gas Co Liabilities-to-Assets Calculation

Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.

Piedmont Natural Gas Co's Liabilities-to-Assets Ratio for the fiscal year that ended in Oct. 2015 is calculated as:

Liabilities-to-Assets (A: Oct. 2015 )	=	Total Liabilities	/	Total Assets
	=	3684.438	/	5110.75
	=	0.72

Piedmont Natural Gas Co's Liabilities-to-Assets Ratio for the quarter that ended in Jul. 2016 is calculated as

Liabilities-to-Assets (Q: Jul. 2016 )	=	Total Liabilities	/	Total Assets
	=	4052.512	/	5574.708
	=	0.73

Piedmont Natural Gas Co (NYSE:PNY) Liabilities-to-Assets Explanation

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.

Piedmont Natural Gas Co Liabilities-to-Assets Related Terms

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Piedmont Natural Gas Co (Piedmont Natural Gas Co) Business Description

Industry

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Traded in Other Exchanges

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Address

Website

http://www.piedmontng.com

Piedmont Natural Gas Co Inc was incorporated in New York in 1950 and began operations in 1951. In 1994, it merged into a newly formed North Carolina corporation with the same name for the purpose of changing its state of incorporation to North Carolina. The Company is an energy services company whose business is distribution of natural gas to residential, commercial, industrial and power generation clients in portions of North Carolina, South Carolina and Tennessee, including customers served by municipalities who are its wholesale customers. The Company is invested in joint venture, energy-related businesses, including unregulated retail natural gas marketing, regulated interstate natural gas transportation and storage and regulated intrastate natural gas transportation. It provides service from resource centers in Anderson, Greenville and Spartanburg in South Carolina and Charlotte, Salisbury, Greensboro, Winston-Salem, High Point, Burlington, Hickory, Indian Trail, Spruce Pine, Reidsville, Fayetteville, New Bern, Wilmington, Tarboro, Elizabeth City, Rockingham and Goldsboro in North Carolina. In North Carolina, it also provides natural gas service to Greenville, Rocky Mount and Wilson. In Tennessee, its service area is the metropolitan area of Nashville, including wholesale natural gas service to Gallatin and Smyrna. The Company has three reportable business segments, regulated utility, regulated non-utility activities and unregulated non-utility activities. The regulated utility segment includes operating a safe and reliable natural gas distribution system and the ability to recover the costs and expenses of the business in the rates charged to customers. The regulated non-utility activities segment consists of equity method investments in regulated energy-related joint ventures that are held by the Company's wholly-owned subsidiaries. The unregulated non-utility activities segment consists of its equity method investment in an unregulated energy-related joint venture that is held by a wholly-owned subsidiary. The regulated utility competes with other energy products, such as electricity and propane, in the residential and commercial customer markets. Natural gas for power generation competes with other fuel sources for the generation of electricity, including coal, nuclear and renewable resources. Additionally, as with industrial customers, the Company competes with other pipeline providers to serve the power generation plants.

Executives

Frank H Yoho	officer: Senior Vice President	5430 LBJ FREEWAY, SUITE 1800, DALLAS TX 75240
Thomas E Skains	director, officer: Chairman, President and CEO	214 N TRYON STREET, CHARLOTTE NC 28202
Phillip D Wright	director	17988 EDISON AVE., CHESTERFIELD MO 63005
Holding Frank B Jr	director	4300 SIX FORKS ROAD, RALEIGH NC 27609
Vicki W Mcelreath	director	PO BOX 33068, CHARLOTTE NC 28233
Minor M Shaw	director	PO BOX 6721, C/O MICCO CORP, GREENVILLE SC 29606
John W Harris	director	PO BOX 26532, RICHMOND VA 23261
Kim R Cocklin	officer: Vice President	C/O ATMOS ENERGY CORPORATION, PO BOX 650205, DALLAS TX 75256