Chesapeake Utilities Balance Sheet Health
Financial Health criteria checks 2/6
Chesapeake Utilities has a total shareholder equity of $1.3B and total debt of $1.4B, which brings its debt-to-equity ratio to 104.3%. Its total assets and total liabilities are $3.5B and $2.1B respectively. Chesapeake Utilities's EBIT is $217.5M making its interest coverage ratio 3.3. It has cash and short-term investments of $1.6M.
Key information
104.3%
Debt to equity ratio
US$1.41b
Debt
| Interest coverage ratio | 3.3x |
| Cash | US$1.61m |
| Equity | US$1.35b |
| Total liabilities | US$2.12b |
| Total assets | US$3.47b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CPK's short term assets ($166.5M) do not cover its short term liabilities ($434.8M).
Long Term Liabilities: CPK's short term assets ($166.5M) do not cover its long term liabilities ($1.7B).
Debt to Equity History and Analysis
Debt Level: CPK's net debt to equity ratio (104.2%) is considered high.
Reducing Debt: CPK's debt to equity ratio has reduced from 124.1% to 104.3% over the past 5 years.
Debt Coverage: CPK's debt is not well covered by operating cash flow (16.9%).
Interest Coverage: CPK's interest payments on its debt are well covered by EBIT (3.3x coverage).