Unitil (Unitil) LT-Debt-to-Total-Asset : 0.31 (As of Dec. 2023)

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What is Unitil 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. Unitil's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.31.

Unitil's long-term debt to total assets ratio declined from Dec. 2022 (0.31) to Dec. 2023 (0.31). It may suggest that Unitil is progressively becoming less dependent on debt to grow their business.

Unitil LT-Debt-to-Total-Asset Historical Data

The historical data trend for Unitil'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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Unitil LT-Debt-to-Total-Asset Chart

Unitil Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.32

0.35

0.32

0.31

Unitil 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															0.31	0.30	0.31	0.31	0.31

Unitil LT-Debt-to-Total-Asset Calculation

Unitil'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 )
	=	512.8	/	1670.4
	=	0.31

Unitil'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 )
	=	512.8	/	1670.4
	=	0.31

Unitil (NYSE:UTL) 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.

Unitil LT-Debt-to-Total-Asset Related Terms

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Unitil (Unitil) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Unitil Corp (NYSE:UTL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

6 Liberty Lane West, Hampton, NH, USA, 03842-1720

Website

https://www.unitil.com

Unitil Corp is a holding company, through its subsidiaries it is engaged in the local distribution of electricity and natural gas throughout its service territories in the states of New Hampshire, Massachusetts, and Maine. It reports three segments namely utility gas operations, utility electric operations, and non-regulated.

Executives

Todd R Diggins	officer: Controller and CAO	6 LIBERTY LANE WEST, HAMPTON NH 03842
Anne L. Alonzo	director	601 WEST FIRST AVENUE, SUITE 1600, SPOKANE WA 99201
Neveen F Awad	director	6 LIBERTY LANE WEST, HAMPTON NH 03842
Justin Eisfeller	officer: VP, IT & CTO	6 LIBERTY LANE WEST, HAMPTON NH 03842
Todd R Black	officer: SR. VICE PRESIDENT	6 LIBERTY LANE WEST, HAMPTON NH 03842
Robert B Hevert	officer: Senior Vice President	6 LIBERTY LANE WEST, HAMPTON NH 03842
Meissner Thomas P Jr	officer: Sr. Vice President	6 LIBERTY LANE WEST, HAMPTON NH 03842
Daniel J Hurstak	officer: Controller	6 LIBERTY LANE WEST, HAMPTON NH 03842
Winfield S Brown	director	6 LIBERTY LANE WEST, HAMPTON NH 03842
Justine Vogel	director	6 LIBERTY LANE WEST, HAMPTON NH 03857
Suzanne Foster	director	6 LIBERTY LANE WEST, HAMPTON NH 03842
Christine L Vaughan	officer: SVP, Fin. & Regulatory Svcs	6 LIBERTY LANE WEST, HAMPTON NH 03842
Christopher J Leblanc	officer: Vice President	6 LIBERTY LANE WEST, HAMPTON NH 03842
Elfner Albert H Iii	director	6 LIBERTY LANE WEST, HAMPTON NH 03842
David P Brownell	director	6 LIBERTY LANE WEST, HAMPTON NH 03842