California Water Service Group annual debt-to-equity ratio
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2025
California Water Service Group Debt-to-Equity Ratio Growth & History (CWT)
California Water Service Group's debt-to-equity ratio was 0.96 for fiscal 2025.
View full California Water Service Group company overviewCalifornia Water Service Group annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.96 | 0.10 | +12.08% |
| 2024 | 2024-12-31 | 0.85 | −0.02 | −2.41% |
| 2023 | 2023-12-31 | 0.87 | 0.01 | +0.92% |
| 2022 | 2022-12-31 | 0.87 | −0.09 | −9.09% |
| 2021 | 2021-12-31 | 0.95 | −0.32 | −25.39% |
| 2020 | 2020-12-31 | 1.28 | −0.01 | −0.76% |
| 2019 | 2019-12-31 | 1.29 | 0.08 | +6.81% |
| 2018 | 2018-12-31 | 1.21 | 0.05 | +4.45% |
| 2017 | 2017-12-31 | 1.15 | 0.16 | +16.17% |
| 2016 | 2016-12-31 | 0.99 | 0.14 | +16.47% |
| 2015 | 2015-12-31 | 0.85 | 0.05 | +5.83% |
| 2014 | 2014-12-31 | 0.81 | 0.00 | +0.34% |
| 2013 | 2013-12-31 | 0.80 | −0.21 | −20.95% |
| 2012 | 2012-12-31 | 1.02 | −0.07 | −6.39% |
| 2011 | 2011-12-31 | 1.09 | −0.08 | −6.46% |
| 2010 | 2010-12-31 | 1.16 | 0.21 | +22.25% |
| 2009 | 2009-12-31 | 0.95 | — | — |
California Water Service Group quarterly debt-to-equity ratio
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| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.93 | 0.04 | +4.87% |
| Q1 2026 | 2026-03-31 | 1.01 | 0.16 | +18.78% |
| Q4 2025 | 2025-12-31 | 0.96 | 0.10 | +12.08% |
| Q3 2025 | 2025-09-30 | 0.85 | 0.05 | +5.77% |
| Q2 2025 | 2025-06-30 | 0.88 | 0.04 | +5.34% |
| Q1 2025 | 2025-03-31 | 0.85 | −0.06 | −6.08% |
| Q4 2024 | 2024-12-31 | 0.85 | −0.02 | −2.41% |
| Q3 2024 | 2024-09-30 | 0.80 | −0.02 | −2.61% |
| Q2 2024 | 2024-06-30 | 0.84 | −0.01 | −1.25% |
| Q1 2024 | 2024-03-31 | 0.91 | −0.00 | −0.38% |
| Q4 2023 | 2023-12-31 | 0.87 | 0.01 | +0.92% |
| Q3 2023 | 2023-09-30 | 0.83 | −0.07 | −7.35% |
| Q2 2023 | 2023-06-30 | 0.85 | −0.10 | −10.09% |
| Q1 2023 | 2023-03-31 | 0.91 | −0.05 | −5.08% |
| Q4 2022 | 2022-12-31 | 0.87 | −0.09 | −9.09% |
| Q3 2022 | 2022-09-30 | 0.89 | −0.17 | −15.69% |
| Q2 2022 | 2022-06-30 | 0.94 | −0.26 | −21.77% |
| Q1 2022 | 2022-03-31 | 0.96 | −0.35 | −27.01% |
| Q4 2021 | 2021-12-31 | 0.95 | −0.32 | −25.39% |
| Q3 2021 | 2021-09-30 | 1.06 | −0.27 | −20.37% |
| Q2 2021 | 2021-06-30 | 1.21 | −0.30 | −20.13% |
| Q1 2021 | 2021-03-31 | 1.31 | −0.20 | −13.27% |
| Q4 2020 | 2020-12-31 | 1.28 | −0.01 | −0.76% |
| Q3 2020 | 2020-09-30 | 1.33 | 0.02 | +1.82% |
| Q2 2020 | 2020-06-30 | 1.51 | 0.13 | +9.49% |
| Q1 2020 | 2020-03-31 | 1.51 | 0.17 | +12.47% |
| Q4 2019 | 2019-12-31 | 1.29 | 0.08 | +6.81% |
| Q3 2019 | 2019-09-30 | 1.30 | 0.07 | +5.46% |
| Q2 2019 | 2019-06-30 | 1.38 | 0.17 | +13.65% |
| Q1 2019 | 2019-03-31 | 1.35 | 0.19 | +16.41% |
| Q4 2018 | 2018-12-31 | 1.21 | 0.05 | +4.45% |
| Q3 2018 | 2018-09-30 | 1.24 | 0.14 | +13.27% |
| Q2 2018 | 2018-06-30 | 1.21 | 0.09 | +7.77% |
| Q1 2018 | 2018-03-31 | 1.16 | 0.10 | +9.50% |
| Q4 2017 | 2017-12-31 | 1.15 | 0.16 | +16.17% |
| Q3 2017 | 2017-09-30 | 1.09 | 0.14 | +15.04% |
| Q2 2017 | 2017-06-30 | 1.13 | 0.13 | +12.68% |
| Q1 2017 | 2017-03-31 | 1.06 | 0.11 | +11.71% |
| Q4 2016 | 2016-12-31 | 0.99 | 0.14 | +16.47% |
| Q3 2016 | 2016-09-30 | 0.95 | 0.08 | +8.68% |
| Q2 2016 | 2016-06-30 | 1.00 | 0.12 | +13.34% |
| Q1 2016 | 2016-03-31 | 0.95 | 0.08 | +9.74% |
| Q4 2015 | 2015-12-31 | 0.85 | 0.05 | +5.83% |
| Q3 2015 | 2015-09-30 | 0.87 | 0.08 | +10.64% |
| Q2 2015 | 2015-06-30 | 0.88 | 0.02 | +2.91% |
| Q1 2015 | 2015-03-31 | 0.86 | 0.01 | +1.46% |
| Q4 2014 | 2014-12-31 | 0.81 | 0.00 | +0.34% |
| Q3 2014 | 2014-09-30 | 0.79 | −0.03 | −3.26% |
| Q2 2014 | 2014-06-30 | 0.86 | 0.03 | +3.64% |
| Q1 2014 | 2014-03-31 | 0.85 | 0.01 | +1.03% |
| Q4 2013 | 2013-12-31 | 0.80 | −0.21 | −20.95% |
| Q3 2013 | 2013-09-30 | 0.82 | −0.21 | −20.29% |
| Q2 2013 | 2013-06-30 | 0.83 | −0.25 | −23.23% |
| Q1 2013 | 2013-03-31 | 0.84 | −0.26 | −23.37% |
| Q4 2012 | 2012-12-31 | 1.02 | −0.07 | −6.39% |
| Q3 2012 | 2012-09-30 | 1.02 | −0.12 | −10.59% |
| Q2 2012 | 2012-06-30 | 1.08 | −0.09 | −7.93% |
| Q1 2012 | 2012-03-31 | 1.10 | −0.08 | −7.10% |
| Q4 2011 | 2011-12-31 | 1.09 | −0.08 | −6.46% |
| Q3 2011 | 2011-09-30 | 1.14 | 0.14 | +13.85% |
| Q2 2011 | 2011-06-30 | 1.17 | 0.13 | +12.57% |
| Q1 2011 | 2011-03-31 | 1.18 | — | — |
| Q4 2010 | 2010-12-31 | 1.16 | 0.21 | +22.25% |
| Q3 2010 | 2010-09-30 | 1.01 | — | — |
| Q2 2010 | 2010-06-30 | 1.04 | — | — |
| Q4 2009 | 2009-12-31 | 0.95 | — | — |
California Water Service Group debt-to-equity ratio trends
Over the last five fiscal years, California Water Service Group's debt-to-equity ratio decreased from 1.28 to 0.96, a change of −0.32. The latest reported quarter, Q2 2026, shows 0.93.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review California Water Service Group source filings ↗