Chesapeake Utilities Corporation (CPK)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 3,577,000 | 3,304,700 | 2,215,040 | 2,114,870 | 1,932,490 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $3,577,000K
= 0.00
The debt-to-assets ratio for Chesapeake Utilities Corporation has remained consistently at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt as a significant source of financing in relation to its total assets during this period. A debt-to-assets ratio of 0.00 typically suggests that the company is primarily using equity to finance its operations, presenting a lower risk of financial distress related to debt obligations. Further analysis of the company's capital structure and overall financial health would be necessary to fully evaluate the implications of this consistent ratio.
Peer comparison
Dec 31, 2024