Chesapeake Utilities Corporation (CPK)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,390,200K
= 0.00
Based on the provided data, Chesapeake Utilities Corporation has consistently maintained a debt-to-equity ratio of 0.00 over the past five years, including as of December 31, 2024. This indicates that the company's level of debt relative to its equity has been very low or negligible during this period. A debt-to-equity ratio of 0.00 typically suggests that the company is mainly financed by equity rather than debt, which could indicate a lower financial risk and a conservative approach to capital structure. However, it is important to note that a debt-to-equity ratio of 0.00 might signal that the company has no debt on its balance sheet, which could limit financial flexibility and potential tax advantages associated with debt financing. Further analysis of the company's overall financial health and capital structure would provide a more comprehensive understanding of its financial position.
Peer comparison
Dec 31, 2024