Essential Utilities Inc (WTRG)

Debt-to-equity 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 stockholders’ equity US$ in thousands 6,198,810 6,180,930 6,163,230 6,081,130 5,896,180 5,922,560 5,614,700 5,515,940 5,377,390 5,343,100 5,342,030 5,255,100 5,184,450 5,127,860 4,836,820 4,810,340 4,683,880 4,635,750 4,635,530 4,613,160
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

December 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $6,198,810K
= 0.00

The debt-to-equity ratio of 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 either no debt or a negligible amount of debt compared to its equity. A debt-to-equity ratio of 0.00 signifies that the company is primarily financed by equity rather than debt. This could imply that Essential Utilities Inc has a strong financial position, as it is not relying heavily on debt to fund its operations or expansion. Furthermore, a low or zero debt-to-equity ratio may suggest lower financial risk and a higher capacity to weather economic downturns. It is important to note that while a zero debt-to-equity ratio can be seen as positive, it is beneficial to also consider other financial ratios and metrics to gain a more comprehensive understanding of the company's financial health and performance.