Chesapeake Utilities Corporation (CPK)
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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,390,200 | 1,348,270 | 1,290,550 | 1,280,900 | 1,246,100 | 866,677 | 864,228 | 858,588 | 832,801 | 814,438 | 815,701 | 805,512 | 774,130 | 750,962 | 741,564 | 726,388 | 697,085 | 616,690 | 593,277 | 584,129 |
| Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,390,200K)
= 0.00
The debt-to-capital ratio of Chesapeake Utilities Corporation has been consistently at 0.00 for the period spanning from March 31, 2020, to December 31, 2024. This indicates that the company has not been utilizing debt significantly in its capital structure during this period. A debt-to-capital ratio of 0.00 implies that the company's capital is entirely funded by equity rather than debt. From an investor and creditor perspective, a lower debt-to-capital ratio signifies lower financial risk and leverage for the company. It also suggests that the company may have a strong financial position and may not be relying heavily on borrowing to finance its operations or growth initiatives. Overall, the stable and low debt-to-capital ratio of 0.00 for Chesapeake Utilities Corporation can be interpreted as a positive indicator of financial stability and prudent capital management.
Peer comparison
Dec 31, 2024