American Water Works (AWK)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 11,807,000 | — | — | — |
| Total assets | US$ in thousands | 32,830,000 | 31,790,000 | 31,215,000 | 31,086,000 | 30,298,000 | 29,818,000 | 29,496,000 | 28,286,000 | 27,787,000 | 27,126,000 | 26,574,000 | 25,694,000 | 26,075,000 | 25,333,000 | 24,952,000 | 24,525,000 | 24,766,000 | 24,394,000 | 24,009,000 | 23,546,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.48 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $32,830,000K
= 0.00
American Water Works has maintained a relatively low debt-to-assets ratio over the period from March 31, 2020, to December 31, 2024. The ratio remained consistently at 0.00 from March 31, 2020, to March 31, 2023, indicating that the company's total debt was minimal compared to its total assets during this period.
However, there was a noticeable increase in the debt-to-assets ratio to 0.48 as of December 31, 2020, which suggests that American Water Works took on a higher level of debt relative to its total assets at the end of that year. Subsequently, the ratio reverted back to 0.00 from March 31, 2021, onwards, indicating a reduction in the company's debt levels relative to its assets.
From June 30, 2021, to December 31, 2024, the debt-to-assets ratio remained stable at 0.00, signaling that American Water Works continued to maintain a conservative debt structure with minimal reliance on debt financing in relation to its asset base. Overall, the company's consistent low debt-to-assets ratio reflects a prudent financial strategy aimed at minimizing financial risk and ensuring a strong financial position.
Peer comparison
Dec 31, 2024