American States Water Company (AWR)

Debt-to-capital 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 640,382 640,247 640,028 575,530 575,555 575,459 576,376 576,431 446,547 446,817 446,940 412,150 412,176 412,093 412,345 440,326 440,348 440,343 280,886 280,971
Total stockholders’ equity US$ in thousands 920,051 879,466 833,477 800,493 776,109 771,337 755,066 730,848 709,549 705,504 694,225 687,425 685,947 678,935 664,134 649,393 641,673 633,820 619,288 604,583
Debt-to-capital ratio 0.41 0.42 0.43 0.42 0.43 0.43 0.43 0.44 0.39 0.39 0.39 0.37 0.38 0.38 0.38 0.40 0.41 0.41 0.31 0.32

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $640,382K ÷ ($640,382K + $920,051K)
= 0.41

The debt-to-capital ratio of American States Water Company has shown some fluctuations over the reported periods. The ratio decreased from 0.32 as of March 31, 2020, to 0.31 by June 30, 2020, indicating a slight improvement in the company's capital structure. However, the ratio increased to 0.41 by September 30, 2020, and remained at this level until December 31, 2020.

Subsequently, the ratio started to decrease gradually, reaching 0.37 by March 31, 2022. However, it began to rise again and peaked at 0.44 by March 31, 2023, indicating a higher proportion of debt in the company's capital structure. The ratio then fluctuated around 0.43 for several quarters before decreasing to 0.41 by December 31, 2024.

Overall, the debt-to-capital ratio of American States Water Company has experienced fluctuations but has generally remained within a moderate range over the reported periods. It is important for investors and stakeholders to monitor this ratio to assess the company's leverage and financial risk.