Chesapeake Utilities Corporation (CPK)

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
Total assets US$ in thousands 3,577,000 3,467,190 3,380,750 3,331,880 3,304,700 2,240,750 2,204,490 2,197,550 2,215,040 2,157,420 2,117,340 2,109,630 2,114,870 2,021,830 1,972,340 1,953,950 1,932,490 1,888,090 1,822,180 1,788,220
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 0.00 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 of Chesapeake Utilities Corporation has consistently remained at 0.00 from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt financing to fund its assets during this period. A debt-to-assets ratio of 0.00 signifies that the company's total debt is effectively zero compared to its total assets, suggesting a low-risk financial structure. It implies that Chesapeake Utilities Corporation has primarily relied on equity financing to support its operations and investments, which can be viewed positively by creditors and investors as it indicates a lower financial risk and potentially greater financial stability.


Peer comparison

Dec 31, 2024

Company name
Symbol
Debt-to-assets ratio
Chesapeake Utilities Corporation
CPK
0.00
ONEOK Inc
OKE
0.48
Southwest Gas Holdings Inc
SWX
0.00