SJW Group Common Stock (SJW)
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 | 1,366,970 | 1,233,400 | 1,110,870 | 1,034,520 | 917,160 |
| 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 ÷ $1,366,970K
= 0.00
Based on the data provided, the Debt-to-Equity ratio of SJW Group Common Stock has consistently been 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company does not have any debt on its balance sheet relative to its equity during this period. A debt-to-equity ratio of 0.00 signifies that the company's financing is primarily reliant on equity rather than debt, which can be seen as a positive financial indicator as it suggests a lower financial risk and potential for financial stability. However, it is important to note that a low debt-to-equity ratio may also reflect a conservative approach to leverage, and it is essential to consider other financial metrics and factors alongside this ratio to gain a comprehensive understanding of the company's financial health and risk profile.
Peer comparison
Dec 31, 2024