SJW Group Common Stock (SJW)

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 1,366,970 1,333,800 1,274,610 1,240,250 1,233,400 1,220,250 1,182,720 1,152,480 1,110,870 1,049,350 1,029,840 1,028,420 1,034,520 1,000,710 989,679 978,296 917,160 913,061 895,131 883,541
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 ÷ $1,366,970K
= 0.00

The debt-to-equity ratio of SJW Group Common Stock has consistently remained at 0.00 from March 31, 2020, up to December 31, 2024. This indicates that the company has not utilized debt financing to fund its operations and investments relative to its equity. A lower debt-to-equity ratio is generally considered favorable as it signifies a lower financial risk and indicates that the company relies more on equity financing. In the case of SJW Group Common Stock, the consistent 0.00 debt-to-equity ratio suggests a conservative capital structure and a relatively strong financial position in terms of leverage and solvency.