Chesapeake Utilities's Leverage Ratio

CPK's quarterly Leverage Ratio and Total Liabilities, Equity growth

Despite a net increase in borrowings by 31.74%, Chesapeake Utilities managed to enhance Leverage Ratio in the forth quarter 2023 to 0.32, falling below the company's typical Leverage Ratio.

Within Natural Gas Utilities industry in the forth quarter 2023 only one company has achieved lower Leverage Ratio than Chesapeake Utilities during the forth quarter 2023. While Leverage Ratio total ranking has improved so far in the forth quarter 2023 to 268, from total ranking in the third quarter 2023 at 351 .

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CPK Leverage Ratio	(Dec 31 2023) IV. Quarter	(Sep 30 2023) III. Quarter	(Jun 30 2023) II. Quarter	(Mar 31 2023) I. Quarter	(Dec 31 2022) IV. Quarter
Y / Y Equity Change	49.63 %	6.41 %	5.95 %	6.59 %	7.58 %
Y / Y Total Liabilities Change	3.88 %	-12.44 %	-78.99 %	-79.71 %	-71.09 %
Leverage Ratio MRQ	0.32	0.35	0.32	0.31	0.47
CPK's Total Ranking	# 268	# 351	# 514	# 195	# 764
Seq. Equity Change	43.78 %	0.28 %	0.66 %	3.1 %	2.25 %
Seq. Total Liabilities Change	31.74 %	11.74 %	3.37 %	-31.74 %	11.04 %

New: More CPK's historic Leverage Ratio results >>

Leverage Ratio forth quarter 2023 Company Ranking
Within:	No.
Natural Gas Utilities Industry	# 2
Utilities Sector	# 4
Overall Market	# 268

Leverage Ratio Statistics
High	Average	Low
2.27	1.69	0.31
(Dec 31 2018)		(Mar 31 2023)

Financial Statements
Chesapeake Utilities's Equity	$ 1,246 Millions	Visit CPK's Balance sheet
Chesapeake Utilities's Total Liabilities	$ 403 Millions	Visit CPK's Balance sheet
Source of CPK's Sales		Visit CPK's Sales by Geography

Cumulative Chesapeake Utilities's Leverage Ratio

CPK's Leverage Ratio for the trailling 12 Months

CPK Leverage Ratio	(Dec 31 2023) IV. Quarter	(Sep 30 2023) III. Quarter	(Jun 30 2023) II. Quarter	(Mar 31 2023) I. Quarter	(Dec 31 2022) IV. Quarter
Y / Y Equity TTM Growth	49.63 %	6.41 %	5.95 %	6.59 %	7.58 %
Y / Y Total Liabilities TTM Growth	3.88 %	-12.44 %	-78.99 %	-79.71 %	-71.09 %
Leverage Ratio TTM	0.32	0.36	0.38	0.69	1.02
Total Ranking TTM	# 35	# 11	# 60	# 11	# 759
Seq. Equity TTM Growth	43.78 %	0.28 %	0.66 %	3.1 %	2.25 %
Seq. Total Liabilities TTM Growth	31.74 %	11.74 %	3.37 %	-31.74 %	11.04 %

Leverage ratio ranking by company, industry and sector >> Back to CPK Financial Strength Comparisons >> Compare CPK Leverage Ratio to its Peers

On the trailing twelve months basis Despite of the net new borrowings of 31.74% during the twelve months period ending in IV Quarter 2023 Chesapeake Utilities has managed to decrease Leverage Ratio in the IV Quarter 2023 to 0.32, below Chesapeake Utilities's average Leverage Ratio.
Leverage Ratio is the average cumulative value over the last four quarters.

Among companies in the Natural Gas Utilities industry CPK recorded the lowest Leverage Ratio. While Leverage Ratio total ranking has deteriorated during the twelve months ending in the IV Quarter 2023, compared to the prior period, from 11 to 35.

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TTM Leverage Ratio Company Ranking
Within:	No.
Within the Natural Gas Utilities Industry	# 0
Utilities Sector	# 0
Within the Market	# 35

trailing twelve months Leverage Ratio Statistics
High	Average	Low
1.06	0.58	0.15
(Jun 30 2020)		(Dec 31 2023)

Companies with similar Leverage Ratio in the quarter ending Dec 31 2023, within Natural Gas Utilities Industry	Leverage Ratio	Dec 31 2023 MRQ Total Liabilities	Dec 31 2023 MRQ Equity
Atmos Energy Corp	0.76	$ 8,614.676 Millions	$ 11,273.209 Millions
Hf Sinclair Corporation	0.53	$ 5,474.867 Millions	$ 10,237.298 Millions
Chesapeake Utilities Corporation	0.32	$ 402.641 Millions	$ 1,246.104 Millions
Stabilis Solutions Inc	0.31	$ 19.323 Millions	$ 61.812 Millions

Date modified: 2024-02-22T08:45:36+00:00

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