American Water Works (AWK)
Debt-to-assets ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | 11,807,000 | — | — | — | 9,770,000 | — | — | — |
| Total assets | US$ in thousands | 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 | 22,682,000 | 22,238,000 | 21,854,000 | 21,464,000 |
| 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 | 0.48 | 0.00 | 0.00 | 0.00 | 0.43 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $30,298,000K
= 0.00
The debt-to-assets ratio of American Water Works Co. Inc. has been relatively stable over the past eight quarters, ranging between 0.40 and 0.45. This ratio indicates the proportion of the company's assets financed by debt.
With the ratio consistently hovering around 0.41 to 0.44, it suggests that American Water Works Co. Inc. relies moderately on debt to finance its operations and investments. A lower debt-to-assets ratio is generally preferred as it indicates lower financial risk and a higher level of asset coverage by equity.
Overall, the trend in the debt-to-assets ratio for American Water Works Co. Inc. appears stable and within a reasonable range, suggesting the company has a balanced approach to its capital structure and debt management.
Peer comparison
Dec 31, 2023