SJW Group Common Stock (SJW)
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 | 4,658,310 | 4,552,300 | 4,439,430 | 4,367,510 | 4,426,290 | 3,843,430 | 3,712,160 | 3,652,500 | 3,632,620 | 3,604,700 | 3,541,050 | 3,511,880 | 3,485,970 | 3,469,740 | 3,409,520 | 3,332,140 | 3,319,130 | 3,259,710 | 3,209,980 | 3,174,300 |
| 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 |
| Financial leverage ratio | 3.41 | 3.41 | 3.48 | 3.52 | 3.59 | 3.15 | 3.14 | 3.17 | 3.27 | 3.44 | 3.44 | 3.41 | 3.37 | 3.47 | 3.45 | 3.41 | 3.62 | 3.57 | 3.59 | 3.59 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $4,658,310K ÷ $1,366,970K
= 3.41
The financial leverage ratio of SJW Group Common Stock has shown some fluctuations over the past few years. The ratio has ranged from 3.14 to 3.62 during this period. It peaked at 3.62 in December 2020 and reached its lowest point at 3.14 in June 2023. Generally, a higher financial leverage ratio indicates a higher level of financial risk as it signifies a greater reliance on debt to finance the company's operations. On the other hand, a lower ratio suggests lower financial risk but may also indicate underutilization of debt financing. It is important for investors to monitor changes in the financial leverage ratio over time to assess the company's capital structure and risk profile.
Peer comparison
Dec 31, 2024