CPK (Chesapeake Utilities) Debt-to-Equity : 1.05 (As of Sep. 2024)

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What is Chesapeake Utilities Debt-to-Equity?

Chesapeake Utilities's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $233.3 Mil. Chesapeake Utilities's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $1,182.1 Mil. Chesapeake Utilities's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $1,348.3 Mil. Chesapeake Utilities's debt to equity for the quarter that ended in Sep. 2024 was 1.05.

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 Chesapeake Utilities's Debt-to-Equity or its related term are showing as below:

CPK' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.71 Med: 0.95 Max: 1.32
Current: 1.05

During the past 13 years, the highest Debt-to-Equity Ratio of Chesapeake Utilities was 1.32. The lowest was 0.71. And the median was 0.95.

CPK's Debt-to-Equity is ranked worse than
56.5% of 469 companies
in the Utilities - Regulated industry
Industry Median: 0.87 vs CPK: 1.05

Chesapeake Utilities Debt-to-Equity Historical Data

The historical data trend for Chesapeake Utilities'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.

Chesapeake Utilities Debt-to-Equity Chart

Chesapeake Utilities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.32

1.02

1.03

0.98

1.12

Chesapeake Utilities Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.92	1.12	1.08	1.09	1.05

Competitive Comparison of Chesapeake Utilities's Debt-to-Equity

For the Utilities - Regulated Gas subindustry, Chesapeake Utilities'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.

Chesapeake Utilities's Debt-to-Equity Distribution in the Utilities - Regulated Industry

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

* The bar in red indicates where Chesapeake Utilities's Debt-to-Equity falls into.

Chesapeake Utilities Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Chesapeake Utilities'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
	=	(198.358	+	1197.625)	/	1246.104
	=	1.12

Chesapeake Utilities's Debt to Equity Ratio for the quarter that ended in Sep. 2024 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
	=	(233.275	+	1182.113)	/	1348.272
	=	1.05

Chesapeake Utilities (NYSE:CPK) 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.

Chesapeake Utilities Debt-to-Equity Related Terms

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

Chesapeake Utilities Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Chesapeake Utilities Corp (NYSE:CPK) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CH5:Germany

Address

500 Energy Lane, Dover, DE, USA, 19901

Website

https://www.chpk.com

Chesapeake Utilities Corp is a diversified energy delivery company that is engaged in natural gas transmission and distribution, electricity generation and distribution, propane gas distribution, mobile compressed natural gas utility services and solutions and other businesses. The company operates in two reportable segments, Regulated Energy and Unregulated Energy. The company's natural gas and electric distribution operations in Delaware, Maryland and Florida are subject to regulation by their respective PSC. Eastern Shore, its natural gas transmission subsidiary, is subject to regulation by the FERC and Peninsula Pipeline and Aspire Energy Express, its intrastate pipeline subsidiaries, are subject to regulation by the Florida PSC and Public Utilities Commission of Ohio, respectively.

Executives

Maddock Paul L Jr	director	909 SILVER LAKE BLVD, DOVER DE 19904
John R Schimkaitis	director, other: Chair of the Board	909 SILVER LAKE BLVD., DOVER DE 19904
Hill Thomas P Jr	director	909 SILVER LAKE BOULEVARD, DOVER DE 19904
Jeffery S Sylvester	officer: Senior VP & COO	500 ENERGY LANE, DOVER DE 19901
Thomas J Bresnan	director	1350 S. MILWAUKEE STREET, DENVER CO 80210
Lila A Jaber	director	909 SILVER LAKE BLVD, DOVER DE 19904
Kevin J Webber	officer: Senior VP & Chief Dev. Officer	909 SILVER LAKE BLVD, DOVER DE 19904
Stephanie N Gary	director	500 ENERGY LANE, DOVER DE 19901
Lisa Bisaccia	director	ONE CVS DRIVE, WOONSOCKET RI 02895
Michael D Galtman	officer: Senior VP & CAO	500 ENERGY LANE, DOVER DE 19901
Sheree M. Petrone	director	601 TRAVIS STREET, SUITE 1400, HOUSTON TX 77002
Jeffry M Householder	director, other: President & CEO	909 SILVER LAKE BLVD, DOVER DE 19904
Forsythe Ronald G Jr	director	909 SILVER LAKE BOULEVARD, DOVER DE 19904
Dianna Morgan	director	909 SILVER LAKE BLVD, DOVER DE 19904
Beth W Cooper	officer: Executive VP & CFO	CHESAPEAKE UTILITIES CORPORATION, 909 SILVER LAKE BOULEVARD, DOVER DE 19904