Chesapeake Utilities Corporation (CPK)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 |
| 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 |
| 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 |
| 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 |
Chesapeake Utilities Corporation's solvency ratios indicate a strong financial position with consistently low debt levels in relation to its assets, capital, and equity. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have remained at 0.00 throughout the reported periods, highlighting the company's ability to finance its operations without relying heavily on external debt.
The Financial leverage ratio has been gradually decreasing from 3.06 in March 2020 to 2.57 in December 2024. This indicates a decreasing reliance on debt to finance the company's operations and suggests improved financial stability and lower financial risk over time.
Overall, the solvency ratios reflect Chesapeake Utilities Corporation's prudent financial management and solid solvency position, which bodes well for its ability to navigate potential economic challenges and capitalize on growth opportunities in the future.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 3.26 | 3.14 | 3.45 | 3.98 | 4.35 | 5.32 | 5.29 | 5.47 | 5.90 | 6.12 | 6.55 | 6.66 | 6.57 | 6.23 | 6.32 | 5.90 | 5.26 | 5.12 | 4.67 | 4.65 |
Chesapeake Utilities Corporation's interest coverage ratio has shown a generally positive trend over the past quarters, indicating the company's ability to meet its interest obligations from its operational earnings. The ratio has consistently improved from 4.65 in March 2020 to 3.26 in December 2024.
The company's interest coverage ratio peaked at 6.66 in March 2022, reflecting a strong ability to cover its interest expenses. However, the ratio experienced a slight decline in the following quarters, reaching 3.26 in December 2024.
Overall, Chesapeake Utilities Corporation maintains a relatively healthy interest coverage ratio, which suggests that the company has sufficient earnings to cover its interest payments. However, the slight decrease in the ratio towards the end of the period should be monitored to ensure the company's financial stability and ability to meet its debt obligations.