American States Water Co (American States Water Co) Debt-to-Equity : 1.18 (As of Dec. 2023)

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What is American States Water Co Debt-to-Equity?

American States Water Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $44.2 Mil. American States Water Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $873.7 Mil. American States Water Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $776.1 Mil. American States Water Co's debt to equity for the quarter that ended in Dec. 2023 was 1.18.

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 American States Water Co's Debt-to-Equity or its related term are showing as below:

AWR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.64 Med: 0.83 Max: 1.18
Current: 1.18

During the past 13 years, the highest Debt-to-Equity Ratio of American States Water Co was 1.18. The lowest was 0.64. And the median was 0.83.

AWR's Debt-to-Equity is ranked worse than
60.92% of 476 companies
in the Utilities - Regulated industry
Industry Median: 0.84 vs AWR: 1.18

American States Water Co Debt-to-Equity Historical Data

The historical data trend for American States Water Co'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.

* Premium members only.

American States Water Co Debt-to-Equity Chart

American States Water Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.83

0.91

0.92

1.04

1.18

American States Water Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.04	1.08	1.10	1.11	1.18

Competitive Comparison of American States Water Co's Debt-to-Equity

For the Utilities - Regulated Water subindustry, American States Water Co'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.

American States Water Co's Debt-to-Equity Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, American States Water Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where American States Water Co's Debt-to-Equity falls into.

American States Water Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

American States Water Co'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
	=	(44.209	+	873.674)	/	776.109
	=	1.18

American States Water Co'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
	=	(44.209	+	873.674)	/	776.109
	=	1.18

American States Water Co (NYSE:AWR) 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.

American States Water Co Debt-to-Equity Related Terms

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American States Water Co (American States Water Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » American States Water Co (NYSE:AWR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

FDK:Germany

Address

630 E. Foothill Boulevard, San Dimas, CA, USA, 91773-1212

Website

https://www.aswater.com

American States Water Co is water and utilities holding company based in California. The segments of the firm include water, electric, and contracted services. Within these segments, American States Water conducts water and electric operations through Golden State Water Company and contracted services through American States Utility Services and its subsidiaries. Golden State Water conducts its operations across various counties in California and is regulated by the California Public Utilities Commission. American States Utility Services has contracted with the U.S. government to provide water services to various military installations. The majority of the company's revenue is derived from water services from commercial and residential customers.

Executives

Anne M Holloway	director
Steven D Davis	director
Thomas A. Eichelberger	director	630 E FOOTHILL BLVD, SAN DIMAS CA 91773
Roger M Ervin	director	630 E FOOTHILL BLVD, SAN DIMAS CA 91773
Sarah J Anderson	director	3633 E. INLAND EMPIRE BLVD., SUITE 480, ONTARIO CA 91764
Hodges Granville R Jr	officer: Vice President	2712 HARTFORD AVENUE, FULLERTON CA 92835
David R Schickling	officer: Vice President Water Operation	630 E FOOTHILL BLVD, SAN DIMAS CA 91773
Susan P. Miller	officer: Vice President	630 E. FOOTHILL BLVD., SAN DIMAS CA 91773
Bryan K Switzer	officer: Vice President	630 EAST FOOTHILL BOULEVARD, SAN DIMAS CA 91773
Christopher H Connor	officer: SVP of ASUS	630 E FOOTHILL BLVD, SAN DIMAS CA 91773
Jon Pierotti	officer: Vice President Reg Affairs	630 E FOOTHILL BLVD, SAN DIMAS CA 91773
John R Fielder	director	SOUTHERN CALIFORNIA EDISON CO, P O BOX 800, ROSEMEAD CA 91770
James L Anderson	director	8828 N. STEMMONS FREEWAY, SUITE 106, DALLAS TX 75247
Diana M Bonta	director	1056 ALVIRA STREET, LOS ANGELES CA 90035
Eva G Tang	officer: Vice President	1544 MANOR GATE DRIVE, HACIENDA HEIGHTS CA 91745-3833