Essential Utilities Inc (WTRG)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 18,026,600 | 16,841,500 | 15,719,100 | 14,658,300 | 13,705,300 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $18,026,600K
= 0.00
The debt-to-assets ratio for Essential Utilities Inc has consistently remained at 0.00 over the analyzed period from December 31, 2020, to December 31, 2024. This indicates that the company's total debts are effectively non-existent in relation to its total assets. A low or zero debt-to-assets ratio is generally viewed positively by investors and creditors as it signifies a lower financial risk and a strong financial position. Essential Utilities Inc's consistent maintenance of this ratio suggests a conservative approach to debt management and a solid foundation for sustainable operations and growth.
Peer comparison
Dec 31, 2024