California Water Service Group (CWT)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 5,180,280 | 5,014,910 | 4,871,240 | 4,780,830 | 4,700,850 | 4,041,360 | 3,990,200 | 3,886,860 | 3,850,750 | 3,806,400 | 3,682,750 | 3,639,240 | 3,623,270 | 3,679,690 | 3,548,750 | 3,471,470 | 3,394,250 | 3,506,430 | 3,359,930 | 3,240,840 |
| 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 |
| Financial leverage ratio | 3.16 | 3.08 | 3.15 | 3.26 | 3.29 | 2.86 | 2.87 | 2.99 | 2.92 | 2.99 | 3.06 | 3.12 | 3.08 | 3.30 | 3.56 | 3.73 | 3.68 | 3.94 | 4.30 | 4.29 |
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 been showing a decreasing trend over the period from March 31, 2020, to December 31, 2024. The ratio started at 4.29 in March 2020 and gradually decreased to 3.16 by December 2024. This indicates that the company has been reducing its reliance on debt financing over the years, which can be considered a positive signal of financial stability and strength. However, it is important to continue monitoring this ratio to ensure that the company maintains an optimal balance between debt and equity in its capital structure.
Peer comparison
Dec 31, 2024