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Top 5 Companies in the Gas Utilities Industry With the Highest Debt to Asset Ratio (APU, SJI, SR, UGI, NFG)

By Shiri Gupta

Below are the three companies in the Gas Utilities industry with the highest debt to asset ratios. The Debt/Asset ratio shows the proportion of a company's assets that are financed through debt. If the ratio is greater than one, most of the company's assets are financed through debt.

Amerigas Partners L P ranks highest with a a debt to asset ratio of 66.82. Following is South Jersey Ind with a a debt to asset ratio of 39.67. Spire Inc. ranks third highest with a a debt to asset ratio of 39.29.

Ugi Corp follows with a a debt to asset ratio of 39.19, and Natl Fuel Gas Co rounds out the top five with a a debt to asset ratio of 39.06.

SmarTrend recommended that subscribers consider buying shares of Amerigas Partners L P on March 26th, 2019 as our technology indicated a new Uptrend was in progress when shares hit $30.22. Since that recommendation, shares of Amerigas Partners L P have risen 14.7%. We continue to monitor Amerigas Partners L P for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: highest debt to asset ratio amerigas partners l p south jersey ind :sr spire inc. ugi corp natl fuel gas co

Ticker(s): APU SJI UGI NFG