Chesapeake Utilities Corporation (CPK)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 2.57 | 2.57 | 2.62 | 2.60 | 2.65 | 2.59 | 2.55 | 2.56 | 2.66 | 2.65 | 2.60 | 2.62 | 2.73 | 2.69 | 2.66 | 2.69 | 2.77 | 3.06 | 3.07 | 3.06 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,577,000K ÷ $1,390,200K
= 2.57
The financial leverage ratio of Chesapeake Utilities Corporation has shown a gradual decline from 3.06 as of March 31, 2020, to 2.57 as of December 31, 2024. This indicates that the company has been reducing its reliance on debt financing over the years. A lower financial leverage ratio typically signifies a lower level of financial risk and a stronger equity position, as the company has less debt relative to its equity. It suggests that the company may be managing its debt levels effectively and potentially improving its financial stability. However, it is important to note that the specific context and industry benchmarks should be considered for a more comprehensive assessment of the company's financial leverage position.
Peer comparison
Dec 31, 2024