California Water Service Group (CWT)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,638,290K
= 0.00
The debt-to-equity ratio for California Water Service Group has consistently been 0.00 over the period from March 31, 2020, to December 31, 2024. This ratio indicates that the company has no debt in relation to its equity during this period. A debt-to-equity ratio of zero generally suggests that the company is financing its operations primarily through equity rather than debt. This could be viewed positively as it signifies lower financial risk and potential stability in the company's capital structure. However, it could also imply missed opportunities for leveraging debt to potentially enhance returns on equity if managed prudently. Overall, a zero debt-to-equity ratio is typically seen as a conservative approach to capital structure management.
Peer comparison
Dec 31, 2024