California Water Service Group (CWT)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,638,290 | 1,628,590 | 1,544,600 | 1,467,430 | 1,426,730 | 1,410,670 | 1,389,520 | 1,298,200 | 1,317,590 | 1,273,460 | 1,202,520 | 1,164,630 | 1,177,590 | 1,115,970 | 997,118 | 929,802 | 921,344 | 890,192 | 782,023 | 755,140 |
| 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 |
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 of 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 relied on debt to finance its capital structure during this timeframe. A debt-to-capital ratio of 0.00 suggests that the company has no debt in its capital structure and relies entirely on equity financing. This could be viewed positively by investors and creditors as it signifies a lower risk level associated with the company's financial obligations. However, it is important to note that a debt-to-capital ratio of 0.00 may also raise questions about the company's ability to leverage debt for potential growth opportunities or tax advantages.
Peer comparison
Dec 31, 2024