Artesian Resources Balance Sheet Health
Financial Health criteria checks 4/6
Artesian Resources has a total shareholder equity of $238.3M and total debt of $183.1M, which brings its debt-to-equity ratio to 76.8%. Its total assets and total liabilities are $796.0M and $557.7M respectively. Artesian Resources's EBIT is $33.2M making its interest coverage ratio 3.8. It has cash and short-term investments of $10.7M.
Key information
76.8%
Debt to equity ratio
US$183.14m
Debt
| Interest coverage ratio | 3.8x |
| Cash | US$10.70m |
| Equity | US$238.31m |
| Total liabilities | US$557.71m |
| Total assets | US$796.02m |
Recent financial health updates
These 4 Measures Indicate That Artesian Resources (NASDAQ:ARTN.A) Is Using Debt Extensively
Jun 10
Does Artesian Resources (NASDAQ:ARTN.A) Have A Healthy Balance Sheet?
Mar 03Is Artesian Resources (NASDAQ:ARTN.A) A Risky Investment?
Nov 27Recent updates
Artesian Resources' (NASDAQ:ARTN.A) Dividend Will Be Increased To $0.3014
Nov 08Artesian Resources Corporation's (NASDAQ:ARTN.A) Share Price Matching Investor Opinion
May 29Artesian Resources' (NASDAQ:ARTN.A) Dividend Will Be Increased To $0.2897
Nov 10Earnings Beat: Artesian Resources Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
Aug 12Artesian Resources (NASDAQ:ARTN.A) Will Pay A Larger Dividend Than Last Year At $0.284
May 13Artesian Resources' (NASDAQ:ARTN.A) Upcoming Dividend Will Be Larger Than Last Year's
Nov 07Artesian Resources (NASDAQ:ARTN.A) Has Announced That It Will Be Increasing Its Dividend To US$0.27
Apr 18Artesian Resources' (NASDAQ:ARTN.A) Shareholders Will Receive A Bigger Dividend Than Last Year
Sep 26These 4 Measures Indicate That Artesian Resources (NASDAQ:ARTN.A) Is Using Debt Extensively
Jun 10If You Like EPS Growth Then Check Out Artesian Resources (NASDAQ:ARTN.A) Before It's Too Late
May 26Is Artesian Resources Corporation (NASDAQ:ARTN.A) A Great Dividend Stock?
May 11Investors Met With Slowing Returns on Capital At Artesian Resources (NASDAQ:ARTN.A)
Apr 28Did You Participate In Any Of Artesian Resources' (NASDAQ:ARTN.A) Respectable 84% Return?
Mar 16Does Artesian Resources (NASDAQ:ARTN.A) Have A Healthy Balance Sheet?
Mar 03I Built A List Of Growing Companies And Artesian Resources (NASDAQ:ARTN.A) Made The Cut
Feb 18Should Artesian Resources Corporation (NASDAQ:ARTN.A) Be Part Of Your Dividend Portfolio?
Feb 05Will Artesian Resources (NASDAQ:ARTN.A) Multiply In Value Going Forward?
Jan 23
Should You Be Excited About Artesian Resources Corporation's (NASDAQ:ARTN.A) 10% Return On Equity?
Jan 06What Is The Ownership Structure Like For Artesian Resources Corporation (NASDAQ:ARTN.A)?
Dec 24Shareholders Of Artesian Resources (NASDAQ:ARTN.A) Must Be Happy With Their 78% Return
Dec 09Is Artesian Resources (NASDAQ:ARTN.A) A Risky Investment?
Nov 27Financial Position Analysis
Short Term Liabilities: ARTN.A's short term assets ($34.3M) exceed its short term liabilities ($28.0M).
Long Term Liabilities: ARTN.A's short term assets ($34.3M) do not cover its long term liabilities ($529.7M).
Debt to Equity History and Analysis
Debt Level: ARTN.A's net debt to equity ratio (72.4%) is considered high.
Reducing Debt: ARTN.A's debt to equity ratio has reduced from 94.3% to 76.8% over the past 5 years.
Debt Coverage: ARTN.A's debt is well covered by operating cash flow (21.1%).
Interest Coverage: ARTN.A's interest payments on its debt are well covered by EBIT (3.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/06 13:54 |
| End of Day Share Price | 2025/02/06 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Artesian Resources Corporation is covered by 4 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| David Parker | Baird |
| Ryan Connors | Boenning & Scattergood, Inc. |
| Michael Gaugler | Janney Montgomery Scott LLC |