Essential Utilities Inc (WTRG)
Debt-to-assets 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 assets | US$ in thousands | 18,026,600 | 17,564,600 | 17,252,100 | 17,054,300 | 16,841,500 | 16,432,800 | 16,101,900 | 15,818,300 | 15,719,100 | 15,279,800 | 15,046,200 | 14,877,000 | 14,658,300 | 14,236,500 | 13,934,000 | 13,821,900 | 13,705,300 | 13,399,500 | 13,028,400 | 12,929,000 |
| 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 |
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 been 0.00 for the periods from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its assets during this time frame. A debt-to-assets ratio of 0.00 typically suggests that the company predominantly finances its operations using equity rather than debt, which can be viewed positively as it signifies a lower level of financial risk and leverage. It indicates that Essential Utilities Inc has a strong financial position and may be less vulnerable to economic downturns or interest rate fluctuations that could impact highly leveraged companies.
Peer comparison
Dec 31, 2024