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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 Total Stockholders Equity for the quarter that ended in Dec. 2023 was $230.40 Mil. Artesian Resources's debt to equity for the quarter that ended in Dec. 2023 was 0.79.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Artesian Resources's Debt-to-Equity or its related term are showing as below:
During the past 13 years, the highest Debt-to-Equity Ratio of Artesian Resources was 1.06. The lowest was 0.79. And the median was 0.92.
The historical data trend for Artesian Resources's Debt-to-Equity 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.
For the Utilities - Regulated Water subindustry, Artesian Resources's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.
For the Utilities - Regulated industry and Utilities sector, Artesian Resources's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Artesian Resources's Debt-to-Equity falls into.
Debt to Equity measures the financial leverage a company has.
Artesian Resources's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Debt to Equity | = | Total Debt | / | Total Stockholders Equity | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Total Stockholders Equity | |
= | (2.235 | + | 178.81) | / | 230.397 | |
= | 0.79 |
Artesian Resources's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as
Debt to Equity | = | Total Debt | / | Total Stockholders Equity | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Total Stockholders Equity | |
= | (2.235 | + | 178.81) | / | 230.397 | |
= | 0.79 |
* 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.
Artesian Resources (NAS:ARTNA) Debt-to-Equity Explanation
In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.
Be Aware
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Thank you for viewing the detailed overview of Artesian Resources's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
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 |
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