American Water Works Co (WBO:AWK) LT-Debt-to-Total-Asset : 0.39 (As of Dec. 2023)

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What is American Water Works Co 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. American Water Works Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.39.

American Water Works Co's long-term debt to total assets ratio declined from Dec. 2022 (0.40) to Dec. 2023 (0.39). It may suggest that American Water Works Co is progressively becoming less dependent on debt to grow their business.

American Water Works Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for American Water Works Co'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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American Water Works Co LT-Debt-to-Total-Asset Chart

American Water Works Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.39

0.38

0.40

0.39

American Water Works Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.40	0.37	0.40	0.40	0.39

American Water Works Co LT-Debt-to-Total-Asset Calculation

American Water Works Co'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 )
	=	10809.596	/	27783.266
	=	0.39

American Water Works Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	10809.596	/	27783.266
	=	0.39

American Water Works Co (WBO:AWK) 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.

American Water Works Co LT-Debt-to-Total-Asset Related Terms

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American Water Works Co (WBO:AWK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » American Water Works Co Inc (WBO:AWK) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

AWK:USA 1AWK:Italy AWC:Germany A1WK34:Brazil

Address

1 Water Street, Camden, NJ, USA, 08102-1658

Website

https://www.amwater.com

American Water Works is the largest investor-owned U.S. water and wastewater utility, serving approximately 3.5 million customers in 16 states. It provides water and wastewater services to residential, commercial, and industrial customers and operates predominantly in regulated markets. The company's nonregulated business is water services for military bases, which operates under long-term contracts with regulated-like returns.