Essential Utilities Inc (WTRG)

Debt-to-assets ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	6,826,080	6,456,040	6,615,520	6,484,520	6,371,060	6,173,630	6,087,740	5,871,960	5,779,500	5,598,710	5,648,230	5,547,940	5,507,740	5,152,970	5,174,600	4,729,030	2,943,330	2,898,300	2,749,200	2,462,860
Total assets	US$ in thousands	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	9,361,980	9,340,970	9,180,350	7,080,950
Debt-to-assets ratio		0.41	0.39	0.41	0.41	0.41	0.40	0.40	0.39	0.39	0.39	0.41	0.40	0.40	0.38	0.40	0.37	0.31	0.31	0.30	0.35

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $6,826,080K ÷ $16,841,500K
= 0.41

The debt-to-assets ratio of Essential Utilities Inc has been relatively stable over the past eight quarters, ranging between 0.41 and 0.43. This indicates that, on average, the company finances approximately 41% to 43% of its total assets through debt. A ratio in this range suggests that Essential Utilities Inc has a moderate level of debt compared to its total assets, with a larger proportion of assets being funded through equity. The stability of the ratio indicates that the company has been managing its debt levels consistently over time, which could be viewed positively by creditors and investors.