SJW Group Common Stock (SJW)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 |
| Debt-to-capital 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 |
| 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 |
| 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 |
Based on the data provided for SJW Group Common Stock, the solvency ratios are as follows:
1. Debt-to-assets ratio: This ratio measures the proportion of the company's assets financed by debt. SJW Group has consistently maintained a debt-to-assets ratio of 0.00 over the period from March 31, 2020, to December 31, 2024. This indicates that the company's debt level has been well-managed compared to its total assets.
2. Debt-to-capital ratio: The debt-to-capital ratio shows the percentage of the company's capital structure that is financed by debt. SJW Group has also maintained a debt-to-capital ratio of 0.00 throughout the same period. This suggests that the company has not relied heavily on debt to fund its operations and investments.
3. Debt-to-equity ratio: The debt-to-equity ratio indicates the extent to which the company is leveraged through debt relative to shareholders' equity. SJW Group has consistently reported a debt-to-equity ratio of 0.00 from March 31, 2020, to December 31, 2024. This implies that the company's financial leverage has been very low, reflecting a conservative approach to financing.
4. Financial leverage ratio: The financial leverage ratio measures the extent of a company's financial leverage and its ability to meet financial obligations. SJW Group's financial leverage ratio has fluctuated over the period, ranging from 3.14 to 3.62. A decreasing trend in the ratio from 3.62 on December 31, 2020, to 3.41 on June 30, 2024, indicates a reduction in financial risk and enhanced ability to cover its financial commitments.
Overall, SJW Group Common Stock appears to have a strong solvency position with low debt levels, conservative financial leverage, and stable capital structure over the analyzed period.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 2.40 | 2.35 | 2.37 | 2.29 | 2.30 | 2.59 | 2.40 | 2.41 | 2.27 | 2.05 | 2.00 | 2.20 | 2.27 | 2.03 | 2.20 | 2.19 | 2.21 | 2.12 | 1.86 | 1.83 |
The interest coverage ratio of SJW Group Common Stock has shown a generally positive trend over the analyzed period, starting at 1.83 on March 31, 2020, and increasing to 2.40 by December 31, 2024. This indicates the company's ability to meet its interest obligations has been improving steadily.
Throughout the period, the interest coverage ratio has fluctuated within a relatively narrow range, with a peak of 2.59 on September 30, 2023, and a low of 1.83 on March 31, 2020. These fluctuations may be influenced by various factors such as changes in interest rates, the company's operating performance, or its capital structure.
Overall, the upward trend in the interest coverage ratio suggests that SJW Group Common Stock has been effectively managing its interest expenses in relation to its operating income, providing a positive signal to investors and creditors regarding the company's financial health and ability to service its debt obligations.