California Water Service Group (CWT)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 5,180,280 | 4,595,530 | 3,850,750 | 3,623,270 | 3,394,250 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $5,180,280K
= 0.00
The debt-to-assets ratio for California Water Service Group has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt in financing its assets during this period. A debt-to-assets ratio of 0.00 signifies that the company's assets are entirely financed by equity, which may suggest a lower financial risk and potential stability in the company's capital structure. It also implies that the company may have a strong financial position and may not face significant financial obligations or repayment constraints related to debt.
Peer comparison
Dec 31, 2024