California Water Service Group (FRA:WT5) LT-Debt-to-Total-Asset : 0.21 (As of Dec. 2024)

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What is California Water Service Group LT-Debt-to-Total-Asset?

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. California Water Service Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.21.

California Water Service Group's long-term debt to total assets ratio declined from Dec. 2023 (0.23) to Dec. 2024 (0.21). It may suggest that California Water Service Group is progressively becoming less dependent on debt to grow their business.

California Water Service Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for California Water Service Group'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.

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California Water Service Group LT-Debt-to-Total-Asset Chart

California Water Service Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.23

0.29

0.25

0.23

0.21

California Water Service Group Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.23	0.22	0.22	0.21	0.21

California Water Service Group LT-Debt-to-Total-Asset Calculation

California Water Service Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	1054.865	/	4947.17
	=	0.21

California Water Service Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	1054.865	/	4947.17
	=	0.21

California Water Service Group (FRA:WT5) 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.

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California Water Service Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » California Water Service Group (FRA:WT5) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

CWT:USA WT5:Germany

Address

1720 North First Street, San Jose, CA, USA, 95112

Website

https://www.calwatergroup.com

California Water Service Group is a U.S. water and utilities holding company based in California. The company engages in the production, treatment, storage, distribution, and sale of water for various uses. The firm operates through its subsidiaries, which can be divided between regulated and unregulated businesses. The regulated public utilities subsidiaries operate in California, New Mexico, Washington, and Hawaii. The unregulated subsidiaries provide water utility services to private companies and municipalities. The company derives the majority of its revenue from its operations in California and, overall, from residential customers.

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