How much debt does Unitil have?
According to Unitil's latest annual financial reports, the company's debt profile is as follows:
Total Debt and Liabilities
Unitil's total debt stands at $755.80M. This is broken down into:
- Long-term debt: $643.30M
- Short-term debt: $112.50M
The company's net debt, which accounts for cash and cash equivalents, is $749.50M. In terms of overall financial obligations, Unitil's total liabilities amount to $1.28B.
Debt Ratios and Metrics
To better understand Unitil's debt position, we can look at several key ratios:
- Debt to Equity Ratio: 1.47 - this indicates the proportion of equity and debt the company uses to finance its assets.
- Debt Ratio: 42.12% - this shows the proportion of a company's assets that are financed through debt.
- Interest Coverage Ratio: 2.40 - this measures how easily a company can pay interest on its outstanding debt.
- Long-term Debt to Capitalization: 55.47% - this shows the proportion of long-term debt in the company's capital structure.
- Total Debt to Capitalization: 59.59% - this indicates the total debt in the company's capital structure.
These metrics provide insight into Unitil's financial leverage and its ability to meet financial obligations. For a comprehensive understanding of the company's financial health, it's important to consider these debt metrics alongside other financial indicators and industry benchmarks.
Total Debt
$755.80M
Long-term Debt
$643.30M
Short-term Debt
$112.50M
Net Debt
$749.50M
Total Liabilities
$1.28B
Interest Coverage
2.40
Debt to Equity Ratio
1.47
Debt Ratio
42.12%
Unitil Historical Debt Metrics
Unitil Historical Debt
The table below shows various debt metrics for each year, with the latest data available for the last fiscal year 2024.
| Year | Total Debt | Long-term Debt | Short-term Debt | Net Debt | Total Liabilities | Debt to Equity | Debt Ratio | Interest Coverage | Long-term Debt to Capitalization | Total Debt to Capitalization |
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $755.80M | $643.30M | $112.50M | $749.50M | $1.28B | 1.47 | 42.12% | 2.40 | 55.47% | 59.59% |
| 2023 | $681.60M | $513.20M | $168.80M | $675.10M | $1.18B | 1.39 | 40.80% | 2.50 | 50.99% | 58.21% |
| 2022 | $611.80M | $492.00M | $124.30M | $602.80M | $1.12B | 1.31 | 38.47% | 2.84 | 51.12% | 56.68% |
| 2021 | $570.10M | $501.10M | $75.70M | $563.60M | $1.09B | 1.27 | 37.01% | 2.86 | 52.60% | 55.97% |
| 2020 | $586.30M | $527.00M | $64.90M | $580.30M | $1.09B | 1.51 | 39.67% | 2.70 | 57.34% | 60.10% |
| 2019 | $515.60M | $440.60M | $79.50M | $510.40M | $994.00M | 1.37 | 37.61% | 2.75 | 53.73% | 57.78% |
| 2018 | $494.40M | $390.10M | $104.30M | $486.60M | $947.00M | 1.41 | 38.08% | 2.70 | 52.44% | 58.46% |
| 2017 | $453.20M | $382.00M | $71.20M | $444.30M | $905.10M | 1.35 | 36.49% | 2.73 | 52.77% | 57.37% |
| 2016 | $426.80M | $325.10M | $101.70M | $421.00M | $835.10M | 1.46 | 37.83% | 2.76 | 51.94% | 59.29% |
| 2015 | $381.60M | $316.50M | $62.20M | $372.90M | $763.60M | 1.35 | 36.47% | 2.65 | 51.93% | 57.44% |
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