Artesian Resources Balance Sheet Health
Financial Health criteria checks 3/6
Artesian Resources has a total shareholder equity of $230.4M and total debt of $180.6M, which brings its debt-to-equity ratio to 78.4%. Its total assets and total liabilities are $766.8M and $536.4M respectively. Artesian Resources's EBIT is $28.8M making its interest coverage ratio 3.1. It has cash and short-term investments of $2.5M.
Key information
78.4%
Debt to equity ratio
US$180.55m
Debt
| Interest coverage ratio | 3.1x |
| Cash | US$2.51m |
| Equity | US$230.40m |
| Total liabilities | US$536.44m |
| Total assets | US$766.83m |
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 $0.2897
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 ($30.6M) exceed its short term liabilities ($22.4M).
Long Term Liabilities: ARTN.A's short term assets ($30.6M) do not cover its long term liabilities ($514.0M).
Debt to Equity History and Analysis
Debt Level: ARTN.A's net debt to equity ratio (77.3%) is considered high.
Reducing Debt: ARTN.A's debt to equity ratio has reduced from 87.2% to 78.4% over the past 5 years.
Debt Coverage: ARTN.A's debt is not well covered by operating cash flow (17.6%).
Interest Coverage: ARTN.A's interest payments on its debt are well covered by EBIT (3.1x coverage).