SJW Group (STU:76W) LT-Debt-to-Total-Asset : 0.36 (As of Mar. 2024)

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What is SJW 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. SJW Group's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.36.

SJW Group's long-term debt to total assets ratio declined from Mar. 2023 (0.42) to Mar. 2024 (0.36). It may suggest that SJW Group is progressively becoming less dependent on debt to grow their business.

SJW Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for SJW 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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SJW Group LT-Debt-to-Total-Asset Chart

SJW Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.41

0.39

0.43

0.40

0.35

SJW Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.42	0.41	0.40	0.35	0.36

SJW Group LT-Debt-to-Total-Asset Calculation

SJW Group'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 )
	=	1399.983	/	3984.426
	=	0.35

SJW Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	1426.274	/	4018.111
	=	0.35

SJW Group (STU:76W) 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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SJW Group (STU:76W) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » SJW Group (STU:76W) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

SJW:USA

Address

110 West Taylor Street, San Jose, CA, USA, 95110

Website

https://www.sjwgroup.com

SJW Group is a U.S. water utility services holding company that provides, stores, purifies and distributes water. The company primarily operates in various California municipalities and also has operations in other states. Its operating segments include Water Utility Services and Real Estate Services. The majority of the company's revenue is derived from its water utility services segment.

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