Southwest Gas Holdings, Inc. (SWX)

Solvency & Capital Structure

Total Debt

$3.51B

Net Debt

$3.02B

Southwest Gas Holdings, Inc. currently has $3.51B in total debt. Net debt is $3.02B after cash offsets.

Financial Fundamentals

SWX • Quarterly Data • 5Y View

Date	Total Debt ($B)	Cash & Inv. ($B)	Net Debt ($B)	Total Assets	Debt/Assets
2026-03-31	3.51	0.48	3.02	10.41	33.7%
2025-12-31	3.51	0.58	2.93	10.43	33.6%
2025-09-30	3.51	0.78	2.73	10.33	34.0%
2025-06-30	4.68	0.36	4.33	12.21	38.4%
2025-03-31	5.05	0.41	4.64	12.08	41.8%
2024-12-31	5.06	0.36	4.69	12.02	42.1%
2024-09-30	5.08	0.46	4.62	11.87	42.7%
2024-06-30	5.21	0.60	4.61	11.99	43.4%
2024-03-31	5.34	0.46	4.88	11.89	44.9%
2023-12-31	5.28	0.11	5.17	11.87	44.5%
2023-09-30	5.34	0.10	5.23	11.84	45.1%
2023-06-30	5.34	0.22	5.12	11.95	44.7%
2023-03-31	5.09	0.08	5.00	11.81	43.1%
2022-12-31	5.99	0.12	5.87	13.20	45.4%
2022-09-30	6.29	0.18	6.11	13.10	48.0%
2022-06-30	6.09	0.22	5.88	12.92	47.1%
2022-03-31	6.32	0.62	5.70	13.25	47.7%
2021-12-31	6.32	0.22	6.10	12.77	49.5%
2021-09-30	4.14	0.19	3.96	10.37	40.0%
2021-06-30	3.12	0.05	3.07	9.04	34.5%
2021-03-31	3.07	0.09	2.98	8.93	34.4%
2020-12-31	2.88	0.08	2.80	8.74	33.0%
2020-09-30	2.78	0.02	2.76	8.43	33.0%
2020-06-30	2.87	0.20	2.67	8.43	34.0%
2020-03-31	2.64	0.06	2.58	8.09	32.6%
2019-12-31	2.67	0.05	2.63	8.17	32.7%
2019-09-30	2.53	0.03	2.50	7.84	32.3%
2019-06-30	2.41	0.04	2.37	7.67	31.4%
2019-03-31	2.33	0.10	2.23	7.57	30.8%
2018-12-31	2.29	0.09	2.21	7.36	31.2%
2018-09-30	2.19	0.07	2.12	6.65	32.9%
2018-06-30	2.09	0.03	2.06	6.48	32.3%
2018-03-31	2.05	0.07	1.98	6.33	32.3%
2017-12-31	2.04	0.04	1.99	6.24	32.7%
2017-09-30	1.87	0.06	1.81	5.86	32.0%
2017-06-30	1.72	0.03	1.69	5.67	30.3%
2017-03-31	1.59	0.04	1.55	5.55	28.6%
2016-12-31	1.60	0.03	1.57	5.58	28.7%
2016-09-30	1.64	0.09	1.56	5.53	29.7%
2016-06-30	1.48	0.01	1.47	5.37	27.5%
2016-03-31	1.44	0.06	1.38	5.32	27.0%
2015-12-31	1.59	0.04	1.55	5.36	29.6%
2015-09-30	1.56	0.03	1.53	5.18	30.1%
2015-06-30	1.54	0.05	1.49	5.15	30.0%
2015-03-31	1.52	0.04	1.49	5.15	29.6%
2014-12-31	1.66	0.04	1.62	5.21	31.9%
2014-09-30	1.45	0.04	1.41	4.64	31.2%
2014-06-30	1.39	0.03	1.36	4.56	30.5%
2014-03-31	1.38	0.09	1.29	4.60	30.0%
2013-12-31	1.39	0.04	1.35	4.57	30.5%
2013-09-30	1.32	0.01	1.31	4.47	29.7%
2013-06-30	1.27	0.02	1.25	4.38	28.9%
2013-03-31	1.26	0.03	1.22	4.40	28.5%
2012-12-31	1.32	0.03	1.29	4.49	29.4%
2012-09-30	1.26	0.02	1.24	4.27	29.5%
2012-06-30	1.22	0.03	1.19	4.23	28.9%
2012-03-31	1.39	0.22	1.18	4.44	31.4%
2011-12-31	1.25	0.02	1.23	4.28	29.3%
2011-09-30	1.16	0.02	1.14	3.94	29.4%
2011-06-30	1.14	0.09	1.06	3.93	29.1%
2011-03-31	1.12	0.11	1.01	3.94	28.5%
2010-12-31	1.20	0.12	1.08	3.98	30.1%
2010-09-30	1.08	0.02	1.06	3.77	28.5%
2010-06-30	1.08	0.03	1.05	3.75	28.8%
2010-03-31	1.12	0.04	1.08	3.84	29.2%
2009-12-31	1.27	0.07	1.21	3.91	32.5%
2009-09-30	1.23	0.03	1.20	3.71	33.1%
2009-06-30	1.23	0.03	1.20	3.68	33.4%
2009-03-31	1.25	0.02	1.23	3.72	33.6%
2008-12-31	1.35	0.03	1.32	3.82	35.3%
2008-09-30	1.33	0.01	1.31	3.51	37.8%
2008-06-30	1.31	0.02	1.29	3.49	37.4%
2008-03-31	1.30	0.02	1.28	3.59	36.3%
2007-12-31	1.41	0.03	1.38	3.67	38.5%
2007-09-30	1.36	0.02	1.35	3.41	40.0%
2007-06-30	1.33	0.02	1.31	3.38	39.4%
2007-03-31	1.34	0.05	1.28	3.48	38.5%
2006-12-31	1.41	0.02	1.40	3.48	40.6%
2006-09-30	1.39	0.03	1.36	3.14	44.4%
2006-06-30	1.35	0.01	1.34	3.08	43.9%
2006-03-31	1.41	0.01	1.40	3.18	44.4%
2005-12-31	1.43	0.03	1.40	3.23	44.4%
2005-09-30	1.36	0.02	1.34	2.92	46.5%
2005-06-30	1.30	0.01	1.30	2.85	45.8%
2005-03-31	1.30	0.02	1.29	2.86	45.6%
2004-12-31	1.39	0.01	1.38	2.94	47.4%
2004-09-30	1.33	0.01	1.32	2.68	49.8%
2004-06-30	1.29	0.01	1.28	2.63	48.9%
2004-03-31	1.25	0.01	1.24	2.63	47.6%
2003-12-31	1.28	0.02	1.26	2.61	49.1%
2003-09-30	1.21	0.01	1.20	2.36	51.3%
2003-06-30	1.10	0.01	1.09	2.33	47.1%
2003-03-31	1.08	0.02	1.06	2.37	45.7%
2002-12-31	1.15	0.02	1.13	2.38	48.5%
2002-09-30	1.11	0.01	1.10	2.26	48.9%
2002-06-30	1.04	0.01	1.03	2.21	46.8%
2002-03-31	1.03	0.04	1.00	2.28	45.5%
2001-12-31	1.20	0.03	1.16	2.37	50.5%
2001-09-30	1.15	0.01	1.13	2.23	51.5%
2001-06-30	1.09	0.01	1.08	2.20	49.4%
2001-03-31	1.06	0.04	1.02	2.28	46.6%
2000-12-31	1.04	0.02	1.02	2.23	46.4%
2000-09-30	0.97	0.01	0.95	1.95	49.5%
2000-06-30	0.91	0.01	0.90	1.90	47.7%
2000-03-31	0.87	0.01	0.86	1.90	45.8%
1999-12-31	0.93	0.02	0.91	1.92	48.3%
1999-09-30	0.86	0.01	0.86	1.80	47.9%
1999-06-30	0.81	0.01	0.80	1.77	45.7%
1999-03-31	0.79	0.01	0.77	1.79	44.0%
1998-12-31	0.87	0.02	0.85	1.83	47.5%
1998-09-30	0.85	0.01	0.84	1.74	48.8%
1998-06-30	0.86	0.01	0.86	1.71	50.5%
1998-03-31	0.86	0.02	0.84	1.75	49.4%
1997-12-31	0.93	0.02	0.91	1.77	52.4%
1997-09-30	0.89	0.01	0.88	1.68	53.2%
1997-06-30	0.85	0.01	0.84	1.63	52.3%
1997-03-31	0.82	0.01	0.82	1.62	50.9%
1996-12-31	0.79	0.01	0.78	1.56	50.8%
1996-09-30	0.71	0.00	0.71	1.48	48.0%
1996-06-30	0.80	0.01	0.78	1.61	49.5%