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Ugi Corp has the Highest Debt to Asset Ratio in the Gas Utilities Industry (UGI, NFG, NJR, SJI, WGL)

By David Diaz

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.

Ugi Corp ranks highest with a a debt to asset ratio of 39.19. Natl Fuel Gas Co is next with a a debt to asset ratio of 39.06. New Jersey Res ranks third highest with a a debt to asset ratio of 36.36.

South Jersey Ind follows with a a debt to asset ratio of 35.81, and Wgl Hldgs Inc rounds out the top five with a a debt to asset ratio of 33.82.

SmarTrend recommended that its subscribers protect gains by selling shares of South Jersey Ind on December 14th, 2017 by issuing a Downtrend alert when the shares were trading at $31.72. Since that call, shares of South Jersey Ind have fallen 12.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: highest debt to asset ratio ugi corp natl fuel gas co new jersey res south jersey ind wgl hldgs inc

Ticker(s): UGI NFG NJR SJI WGL