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Friday 6 November 2026
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Southwest Gas Corporation
SWX Utilities Utilities Regulated Gas
- Revenue
- −5.91%
- EPS
- −95.3%
- Free cash flow
- −30.1%
- Total debt
- +0.70%
Quarter to September 2026, against a year earlier
89.70
0.79
−0.87%
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Southwest Gas Corporation (SWX) Debt to equity
Southwest Gas Corporation's debt to equity at the end of the quarter to 30 September 2026 was 0.9×, down 0.0× from fiscal 2025 (0.9×). Over the past ten years it has ranged from 0.9× (fiscal 2025) to 2.1× (fiscal 2021) — the current reading is the lowest in ten years. That is below the Utilities Regulated Gas industry median of 1.2× and below the Utilities sector median of 1.2×.
Debt to equity, annual
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Annual newest first
| Period | Debt to equity | Change |
|---|---|---|
| FY2025 | 0.9× | (22.08%) |
| FY2024 | 1.1× | (28.76%) |
| FY2023 | 1.6× | (18.54%) |
| FY2022 | 2.0× | (8.49%) |
| FY2021 | 2.1× | 98.82% |
| FY2020 | 1.1× | 0.84% |
| FY2019 | 1.1× | 4.85% |
| FY2018 | 1.0× | (9.48%) |
| FY2017 | 1.1× | 16.77% |
| FY2016 | 1.0× | (3.46%) |
Quarterly newest first
| Period | Debt to equity | Change |
|---|---|---|
| Sep 2026 | 0.9× | 1.20% |
| Jun 2026 | 0.9× | (0.55%) |
| Mar 2026 | 0.9× | (3.40%) |
| Dec 2025 | 0.9× | (0.80%) |
| 43 more quarters | Free account |
Against its own ten years
Low 0.9×
High 2.1×
Ten-year median
1.1×
Current reading's percentile
9
Debt to equity against peers
| Company | Debt to equity |
|---|---|
| OGS ONE Gas, Inc. compare | 0.8× |
| SWX Southwest Gas Corporation | 0.9× |
| MDU MDU Resources Group, Inc. compare | 0.9× |
| CPK Chesapeake Utilities Corporation compare | 1.0× |
| BKH Bright Horizon Energy Corporation compare | 1.1× |
| UGI UGI Corporation compare | 1.3× |
| NJR NewJersey Resources Corporation compare | 1.4× |
| SR Spire Inc. compare | 1.7× |
| NWN Northwest Natural Gas Company compare | 1.8× |
| Utilities Regulated Gas industry median | 1.2× |
| Utilities sector median | 1.2× |
| Market median | 0.1× |
What Debt to equity is
Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.
(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)
More on SWX
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement