MDU Resources Group (MDU Resources Group) LT-Debt-to-Total-Asset : 0.29 (As of Dec. 2023)

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What is MDU Resources 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. MDU Resources Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.29.

MDU Resources Group's long-term debt to total assets ratio increased from Dec. 2022 (0.25) to Dec. 2023 (0.29). It may suggest that MDU Resources Group is progressively becoming more dependent on debt to grow their business.

MDU Resources Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for MDU Resources 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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MDU Resources Group LT-Debt-to-Total-Asset Chart

MDU Resources Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.30

0.29

0.30

0.25

0.29

MDU Resources Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.25	0.29	0.30	0.30	0.29

MDU Resources Group LT-Debt-to-Total-Asset Calculation

MDU Resources 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 )
	=	2288.549	/	7833.159
	=	0.29

MDU Resources Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	2288.549	/	7833.159
	=	0.29

MDU Resources Group (NYSE:MDU) 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.

MDU Resources Group LT-Debt-to-Total-Asset Related Terms

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MDU Resources Group (MDU Resources Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » MDU Resources Group Inc (NYSE:MDU) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MRE:Germany

Address

1200 West Century Avenue, P.O. Box 5650, Bismarck, ND, USA, 58506-5650

Website

https://www.mdu.com

MDU Resources Group Inc operates in five business segments, which includes: Electric segment, which generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming; The natural gas distribution segment distributes natural gas in those states, as well as in Idaho, Minnesota, Oregon and Washington; The pipeline segment provides natural gas transportation and underground storage services through a regulated pipeline system primarily in the Rocky Mountain and northern Great Plains regions of the United States; The construction materials and contracting segment mines, processes and sells construction aggregates (crushed stone, sand, and gravel); produces and sells asphalt mix, and supplies ready-mixed concrete; and The construction services segment.

Executives

Rob L. Johnson	officer: President-WBI Holdings	1200 WEST CENTURY AVENUE, BISMARCK ND 58503
Paul R. Sanderson	officer: VP, CLO & Secretary	1200 WEST CENTURY AVENUE, BISMARCK ND 58503
James H. Gemmel	director	C/O CORVEX MANAGEMENT LP, 667 MADISON AVENUE, NEW YORK NY 10065
Brian R. Gray	officer: President & CEO-Knife River	1200 WEST CENTURY AVENUE, BISMARCK ND 58503
German Carmona-alvarez	director	1200 WEST CENTURY AVENUE, BISMARCK ND 58503
Thomas S Everist	director
Nicole A Kivisto	officer: Controller	P. O. BOX 5650, BISMARCK ND 58506-5650
Dale Rosenthal	director	101 CONSTITUTION AVENUE, NW, WASHINGTON DC 20080
Karl A Liepitz	officer: VP, Gen Counsel & Secretary	1200 WEST CENTURY AVENUE, BISMARCK ND 58503
Jason L Vollmer	officer: Treasurer & Director of Cash	1200 WEST CENTURY AVENUE, BISMARCK ND 58503
David M Sparby	director	1200 WEST CENTURY AVENUE, BISMARCK ND 58503
Margaret A Link	officer: Chief Information Officer	1200 WEST CENTURY AVENUE, BISMARCK ND 58503
Dennis W Johnson	director	TMI BUSINESS DESIGHNS CORP, 50 3 AVENUE WAY, DICKINSON ND 58601
David C Barney	officer: President & CEO - Knife River	1150 WEST CENTURY AVENUE, BISMARCK ND 58503
Stephanie A Barth	officer: VP, CAO & Controller	1200 WEST CENTURY AVENUE, BISMARCK ND 58503