Southwest Gas Holdings (SWX) Debt Ratio (2009 - 2026)
Southwest Gas Holdings' Debt Ratio was 0.34 in Q2 2026, down 12.6% from 0.38 a year earlier and down 0.6% from the prior quarter.
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Analysis
Southwest Gas Holdings (SWX) Debt Ratio (2009 - 2026) Analysis & Trends
From Q4 2009 onward, Southwest Gas Holdings has reported Debt Ratio for 25 quarters.
- In earlier years, Debt Ratio was 0.35 in FY2024 (-39.1%), 0.57 in FY2023 (+25.4%), 0.45 in FY2022 (-8.3%) and 0.50 in FY2021 (+50.2%).
- The Q2 2026 figure marks the lowest quarterly Debt Ratio since Q4 2020.
- Compared with a year earlier, Debt Ratio has declined for seven straight quarters, with an average decline of 16.2% over the last seven quarters.
- The best year-over-year quarter for Debt Ratio over five years was Q4 2021 (growth of 50.2%); the worst was Q4 2024 (a decline of 39.1%).
- Per Business Quant data, SWX's Debt Ratio in the three quarters before Q2 2026 was 0.34 (Q1 2026), 0.34 (Q4 2025) and 0.34 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 287.73 Bn | 287.73 Bn | 890.00 Mn | - |
| 2 | Nextera Energy | 160.25 Bn | 161.15 Bn | - | 0.47 |
| 3 | Southern | 96.31 Bn | 87.36 Bn | 5.92 Bn | 0.47 |
| 4 | Duke Energy | 88.79 Bn | 87.40 Bn | 6.74 Bn | 0.46 |
| 5 | National Grid | 79.16 Bn | 60.69 Bn | - | -0.04 |
| 6 | American Electric Power | 65.09 Bn | 63.47 Bn | 3.84 Bn | 0.43 |
| 7 | Dominion Energy | 53.95 Bn | 56.63 Bn | - | 0.44 |
| 8 | Sempra | 51.22 Bn | 50.35 Bn | 2.89 Bn | 0.32 |
| 9 | Entergy | 47.09 Bn | 36.28 Bn | - | 0.44 |
| 10 | Southwest Gas Holdings | 5.99 Bn | 3.88 Bn | - | 0.34 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.34 |
| Mar 31, 2026 | 0.34 |
| Dec 31, 2025 | 0.34 |
| Sep 30, 2025 | 0.34 |
| Jun 30, 2025 | 0.38 |
| Mar 31, 2025 | 0.42 |
| Dec 31, 2024 | 0.35 |
| Sep 30, 2024 | 0.43 |
| Jun 30, 2024 | 0.43 |
| Mar 31, 2024 | 0.45 |
| Dec 31, 2023 | 0.57 |
| Sep 30, 2023 | 0.45 |
| Jun 30, 2023 | 0.45 |
| Mar 31, 2023 | 0.43 |
| Dec 31, 2022 | 0.45 |
| Sep 30, 2022 | 0.48 |
| Jun 30, 2022 | 0.47 |
| Mar 31, 2022 | 0.48 |
| Dec 31, 2021 | 0.50 |
| Sep 30, 2021 | 0.40 |
API Access
Southwest Gas Holdings Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=SWX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "SWX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=SWX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();