California Water Service Group (CWT)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 5,180,280 | 4,595,530 | 3,850,750 | 3,623,270 | 3,394,250 |
| Total stockholders’ equity | US$ in thousands | 1,638,290 | 1,426,730 | 1,317,590 | 1,177,590 | 921,344 |
| Financial leverage ratio | 3.16 | 3.22 | 2.92 | 3.08 | 3.68 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $5,180,280K ÷ $1,638,290K
= 3.16
The financial leverage ratio of California Water Service Group has displayed a downward trend from 3.68 in 2020 to 2.92 in 2022, indicating a decreasing reliance on debt financing to support its operations during this period. However, the ratio increased slightly to 3.22 in 2023 before decreasing again to 3.16 in 2024. Overall, while there have been fluctuations in the ratio over the years, the company has maintained a moderate level of leverage, suggesting a balanced mix of debt and equity in its capital structure. This could be indicative of the company's cautious approach towards managing its financial risks and maintaining stability in its operations.
Peer comparison
Dec 31, 2024