Chesapeake Utilities (STU:CH5) LT-Debt-to-Total-Asset : 0.34 (As of Sep. 2024)

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What is Chesapeake Utilities 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. Chesapeake Utilities's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.34.

Chesapeake Utilities's long-term debt to total assets ratio increased from Sep. 2023 (0.29) to Sep. 2024 (0.34). It may suggest that Chesapeake Utilities is progressively becoming more dependent on debt to grow their business.

Chesapeake Utilities LT-Debt-to-Total-Asset Historical Data

The historical data trend for Chesapeake Utilities'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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Chesapeake Utilities LT-Debt-to-Total-Asset Chart

Chesapeake Utilities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.25

0.27

0.26

0.27

0.36

Chesapeake Utilities Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.29	0.36	0.36	0.35	0.34

Chesapeake Utilities LT-Debt-to-Total-Asset Calculation

Chesapeake Utilities's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	1098.222	/	3030.414
	=	0.36

Chesapeake Utilities's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	1065.084	/	3123.94
	=	0.34

Chesapeake Utilities (STU:CH5) 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.

Chesapeake Utilities LT-Debt-to-Total-Asset Related Terms

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Chesapeake Utilities Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Chesapeake Utilities Corp (STU:CH5) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

CPK:USA 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.

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