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LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Connecticut Water Service's long-term debt to total assests ratio for the quarter that ended in Jun. 2019 was 0.26.
Connecticut Water Service's long-term debt to total assets ratio declined from Jun. 2018 (0.27) to Jun. 2019 (0.26). It may suggest that Connecticut Water Service is progressively becoming less dependent on debt to grow their business.
The historical data trend for Connecticut Water Service's LT-Debt-to-Total-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.
Connecticut Water Service Annual Data | |||||||||||||||||||||
Trend | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | |||||||||||
LT-Debt-to-Total-Asset | Get a 7-Day Free Trial | 0.26 | 0.24 | 0.25 | 0.28 | 0.27 |
Connecticut Water Service Quarterly Data | ||||||||||||||||||||
Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | |
LT-Debt-to-Total-Asset | Get a 7-Day Free Trial | 0.27 | 0.27 | 0.27 | 0.27 | 0.26 |
Connecticut Water Service's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2018 is calculated as
LT Debt to Total Assets (A: Dec. 2018 ) | = | Long-Term Debt & Capital Lease Obligation (A: Dec. 2018 ) | / | Total Assets (A: Dec. 2018 ) |
= | 257.511 | / | 951.869 | |
= | 0.27 |
Connecticut Water Service's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2019 is calculated as
LT Debt to Total Assets (Q: Jun. 2019 ) | = | Long-Term Debt & Capital Lease Obligation (Q: Jun. 2019 ) | / | Total Assets (Q: Jun. 2019 ) |
= | 256.916 | / | 981.427 | |
= | 0.26 |
* 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.
Connecticut Water Service (NAS:CTWS) LT-Debt-to-Total-Asset Explanation
LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.
Thank you for viewing the detailed overview of Connecticut Water Service's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Ellen C Wolf | director | C/O AMERICAN WATER WORKS CO INC, 1025 LAUREL OAK RD P O BOX 1770, VOORHEES NJ 08043 |
Maureen P Westbrook | officer: VP, Customer & Reg Affairs | 93 WEST MAIN ST, CLINTON CT 06413 |
A Kristen Johnson | officer: V.P. Human Resources | C/O CONNECTICUT WATER SERVICE, INC., 93 WEST MAIN STREET, CLINTON CT 06413 |
Mary Ann Hanley | director | 93 WEST MAIN STREET, CLINTON CT 06413 |
Carol P Wallace | director | 93 WEST MAIN STREET, CLINTON CT 06413 |
Hunt Heather | director | 93 WEST MAIN STREET, CLINTON CT 06413 |
David C Benoit | officer: President & CEO | 93 WEST MAIN ST, CLINTON CT 06413 |
Eric W Thornburg | director, officer: President/CEO/Chairman | 13165 TEN OAK COURT, SARATOGA CA 95070 |
Judith Kelly | officer: Div. Pres. Maine Water | C/O NORTHEAST BANK, 500 CANAL STREET, LEWISTON ME 04240 |
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