California Water Service Group (CWT)

Debt-to-assets 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 assets US$ in thousands 5,180,280 5,014,910 4,871,240 4,780,830 4,700,850 4,041,360 3,990,200 3,886,860 3,850,750 3,806,400 3,682,750 3,639,240 3,623,270 3,679,690 3,548,750 3,471,470 3,394,250 3,506,430 3,359,930 3,240,840
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

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 been 0.00 for the periods from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt as a significant source of financing when compared to its total assets during these periods. A low or zero debt-to-assets ratio suggests a lower financial risk for the company, as it implies that the company's assets are primarily funded through equity rather than debt.