California Water Service Group (CWT)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,638,290K
= 0.00
California Water Service Group has consistently maintained a debt-to-equity ratio of 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt financing to fund its operations or growth during this period. A debt-to-equity ratio of zero typically suggests that the company relies solely on equity financing, which can be viewed positively as it signifies lower financial risk and potentially greater financial stability. However, it is important to note that a low debt-to-equity ratio may also indicate limited leveraging and potential missed opportunities for leveraging financial leverage for growth or expansion. Overall, the consistent zero debt-to-equity ratio reflects a conservative financial strategy by California Water Service Group.
Peer comparison
Dec 31, 2024