SJW Group Common Stock (SJW)
Debt-to-capital 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 | 1,366,970 | 1,233,400 | 1,110,870 | 1,034,520 | 917,160 |
| Debt-to-capital ratio | 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 + $1,366,970K)
= 0.00
The debt-to-capital ratio for SJW Group Common Stock has remained at 0.00 for the past five years, including as of December 31, 2024. This indicates that the company has not utilized any debt in relation to its total capital during this period. A debt-to-capital ratio of 0.00 suggests that the company's capital structure is predominantly equity-financed, which can be considered a positive sign as it indicates a lower financial risk due to minimal debt obligations. However, without debt, the company may be missing out on potential tax benefits associated with leverage. Overall, a consistently low debt-to-capital ratio may reflect SJW Group's conservative approach to financing its operations and growth initiatives.
Peer comparison
Dec 31, 2024