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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

National Fuel Gas (NFG) Debt to Equity (2016 - 2025)

National Fuel Gas (NFG) has disclosed Debt to Equity for 16 consecutive years, with $0.61 as the latest value for Q4 2025.

  • Quarterly Debt to Equity fell 61.73% to $0.61 in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $0.61 through Dec 2025, down 61.73% year-over-year, with the annual reading at $0.82 for FY2025, 68.17% down from the prior year.
  • Debt to Equity hit $0.61 in Q4 2025 for National Fuel Gas, down from $0.82 in the prior quarter.
  • In the past five years, Debt to Equity ranged from a high of $577.98 in Q3 2023 to a low of -$48.27 in Q2 2023.
  • Historically, Debt to Equity has averaged $21.73 across 5 years, with a median of $1.26 in 2021.
  • Biggest YoY gain for Debt to Equity was 16973.07% in 2023; the steepest drop was 3775.8% in 2023.
  • Year by year, Debt to Equity stood at $1.32 in 2021, then plummeted by 738.14% to -$8.45 in 2022, then plummeted by 432.24% to -$45.0 in 2023, then soared by 103.52% to $1.58 in 2024, then tumbled by 61.73% to $0.61 in 2025.
  • Business Quant data shows Debt to Equity for NFG at $0.61 in Q4 2025, $0.82 in Q3 2025, and $0.82 in Q2 2025.