American States Water Company (AWR)

Financial leverage 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
Total assets	US$ in thousands	2,500,210	2,420,620	2,348,320	2,292,900	2,246,120	2,205,230	2,139,640	2,060,370	2,034,370	1,982,580	1,949,650	1,913,930	1,900,980	1,874,800	1,842,360	1,792,820	1,791,600	1,726,420	1,697,970	1,660,890
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
Financial leverage ratio		2.72	2.75	2.82	2.86	2.89	2.86	2.83	2.82	2.87	2.81	2.81	2.78	2.77	2.76	2.77	2.76	2.79	2.72	2.74	2.75

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,500,210K ÷ $920,051K
= 2.72

The financial leverage ratio of American States Water Company has shown some fluctuations over the past few years, ranging from 2.72 to 2.89. The ratio indicates that, on average, the company's debt level is around 2.8 times its equity.

The trend of the financial leverage ratio has been relatively stable, with occasional minor fluctuations. However, there was a slight increase from 2.72 in December 2024 to 2.89 in December 2023, suggesting a potential increase in the company's debt relative to its equity during that period.

Overall, the financial leverage ratio of American States Water Company appears to be within a reasonable range, indicating a moderate level of leverage in its capital structure. It is important for investors and stakeholders to monitor any significant changes in this ratio, as it can impact the company's financial stability and risk profile.