Chesapeake Utilities Corporation (CPK)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,390,200 | 1,246,100 | 832,801 | 774,130 | 697,085 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,390,200K)
= 0.00
The debt-to-capital ratio for Chesapeake Utilities Corporation has consistently been 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt significantly to finance its operations but has relied more on equity financing. A debt-to-capital ratio of 0.00 suggests that the company's capital structure is predominantly equity-funded, which may indicate lower financial risk and more financial stability. It implies that the company's level of debt is minimal compared to its total capital, providing a favorable picture to creditors and investors in terms of the company's financial health and solvency.
Peer comparison
Dec 31, 2024