California Water Service Group (CWT)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,638,290 | 1,426,730 | 1,317,590 | 1,177,590 | 921,344 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,638,290K)
= 0.00
The debt-to-capital ratio for California Water Service Group has consistently been reported as 0.00 from December 31, 2020, through December 31, 2024. This indicates that the company has not utilized debt as a significant portion of its capital structure during this period. A debt-to-capital ratio of 0.00 suggests that the company may be primarily funded by equity or other forms of financing rather than debt. It indicates a low level of financial leverage and may signal financial stability and conservative financial management.
Peer comparison
Dec 31, 2024
Company name
Symbol
Debt-to-capital ratio
California Water Service Group
CWT
0.00
American States Water Company
AWR
0.41
American Water Works
AWK
0.00
Essential Utilities Inc
WTRG
0.00
Middlesex Water Company
MSEX
0.44
SJW Group Common Stock
SJW
0.00