Essential Utilities Inc (WTRG)
Debt-to-equity ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 6,198,810 | 5,896,180 | 5,377,390 | 5,184,450 | 4,683,880 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $6,198,810K
= 0.00
Essential Utilities Inc has consistently maintained a debt-to-equity ratio of 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company's financial structure is primarily equity-financed, with no recorded debt obligations during this period. A debt-to-equity ratio of zero signifies that the firm has not relied on external borrowing to fund its operations or growth. This low ratio suggests a conservative approach to financing, with a minimal level of financial leverage and potentially lower financial risk. Additionally, investors and creditors may view this stable debt-to-equity ratio positively as it reflects strong financial health and stability for Essential Utilities Inc.
Peer comparison
Dec 31, 2024