Artesian Resources (Artesian Resources) Debt-to-Asset

: 0.24 (As of Dec. 2023)

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Artesian Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2.24 Mil. Artesian Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $178.81 Mil. Artesian Resources's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was $766.83 Mil. Artesian Resources's debt to asset for the quarter that ended in Dec. 2023 was 0.24.

Artesian Resources Debt-to-Asset Historical Data

The historical data trend for Artesian Resources's Debt-to-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Artesian Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

0.27

0.29

0.28

0.24

Artesian Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset																0.28	0.28	0.24	0.23	0.24

Competitive Comparison

For the Utilities - Regulated Water subindustry, Artesian Resources's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Artesian Resources Debt-to-Asset Distribution

For the Utilities - Regulated industry and Utilities sector, Artesian Resources's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Artesian Resources's Debt-to-Asset falls into.

Artesian Resources Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Artesian Resources's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(2.235	+	178.81)	/	766.832
	=	0.24

Artesian Resources's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(2.235	+	178.81)	/	766.832
	=	0.24

Artesian Resources (NAS:ARTNA) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Artesian Resources Debt-to-Asset Related Terms

Thank you for viewing the detailed overview of Artesian Resources's Debt-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Artesian Resources (Artesian Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Artesian Resources Corp (NAS:ARTNA) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

ARTNB:USA

Address

664 Churchmans Road, Newark, DE, USA, 19702

Website

http://www.artesianwater.com

Artesian Resources Corp operates as the holding company of eight wholly-owned subsidiaries offering water, wastewater, and other services on the Delmarva Peninsula. It distributes and sells water, including water for public and private fire protection, to residential, commercial, industrial, municipal, and utility customers in the states of Delaware, Maryland, and Pennsylvania. The company is focusing on a wide spectrum of activities, which include identifying new and dependable sources of water supply; developing wells, treatment plants and delivery systems to get water to customers.

Executives

Nicholle Renee Taylor	director, officer: Director / Vice President	664 CHURCHMANS ROAD, NEWARK DE 19702
John M Thaeder	officer: Senior VP of Operations
Emerson Courtney A	officer: Gen Counsel & Asst Secretary	107 DODGE DRIVE, SMYRNA DE 19977
Dian C Taylor	director, officer: C.E.O. President
Kenneth R Biederman	director
Raymond T. Kelly	officer: VP of Information Technology	15 GABRIELLE CIRCLE, SWEDESBORO NJ 08085
Daniel Konstanski	officer: Vice President of Engineering	607 S CLAYTON STREET, WILMINGTON DE 19805
Eisenbrey John R Jr	director
Pierre A Anderson	officer: VP of Information Technology	664 CHURCHMANS ROAD, NEWARK DE 19702
William C Wyer	director
Michael Houghton	director	212 CLOVER DRIVE, HOCKESSIN DE 19707
Karl G. Randall	officer: Asst Secretary and Gen Counsel	664 CHURCHMANS ROAD, NEWARK DE 19702
Schreppler John J Ii	officer: VP and General Counsel
Joseph A Dinunzio	officer: Exec VP / Corp Secretary	664 CHURCHMANS ROAD, NEWARK DE 19702
David B Spacht	officer: CFO and Treasurer