Chesapeake Utilities Corporation (CPK)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,390,200K
= 0.00
The debt-to-equity ratio for Chesapeake Utilities Corporation has consistently been 0.00 across all reported periods from March 31, 2020, to December 31, 2024. This indicates that the company has not relied heavily on debt to finance its operations or growth initiatives, as the ratio suggests that the company's debt levels are minimal in relation to its equity.
A debt-to-equity ratio of 0.00 signifies that the company's total debt is either extremely low or non-existent in comparison to its shareholder equity. In this case, Chesapeake Utilities Corporation has likely maintained a conservative approach to its capital structure by primarily using equity financing rather than taking on significant debt obligations.
A low or zero debt-to-equity ratio can be viewed positively by investors and creditors as it indicates a lower financial risk and greater stability for the company. However, it is essential to consider other financial metrics and factors to gain a comprehensive understanding of the company's overall financial health and performance.
Peer comparison
Dec 31, 2024