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Artesian Resources (ARTNA) Financials

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$33.75 -0.71 (-2.06%)
Closing price 05/28/2025 04:00 PM Eastern
Extended Trading
$33.80 +0.05 (+0.16%)
As of 05/28/2025 04:04 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
Annual Income Statements for Artesian Resources

Annual Income Statements for Artesian Resources

This table shows Artesian Resources' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Net Income / (Loss) Attributable to Common Shareholders
20 17 18
Consolidated Net Income / (Loss)
20 17 18
Net Income / (Loss) Continuing Operations
29 26 27
Total Pre-Tax Income
29 26 27
Total Operating Income
26 22 24
Total Gross Profit
108 99 99
Total Revenue
108 99 99
Operating Revenue
108 99 99
Total Cost of Revenue
0.00 0.00 0.00
Total Operating Expenses
82 76 75
Selling, General & Admin Expense
4.74 4.43 6.85
Depreciation Expense
14 13 13
Other Operating Expenses / (Income)
63 59 56
Total Other Income / (Expense), net
3.02 3.41 2.59
Other Income / (Expense), net
3.02 3.41 2.59
Other Adjustments to Consolidated Net Income / (Loss)
-8.78 -9.16 -8.50
Basic Earnings per Share
$1.98 $1.67 $1.90
Weighted Average Basic Shares Outstanding
10.29M 10.02M 9.46M
Diluted Earnings per Share
$1.98 $1.67 $1.90
Weighted Average Diluted Shares Outstanding
10.30M 10.02M 9.48M
Weighted Average Basic & Diluted Shares Outstanding
10.30M 10.29M 9.50M
Cash Dividends to Common per Share
$1.18 $1.14 $1.09

Quarterly Income Statements for Artesian Resources

This table shows Artesian Resources' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders
3.85 6.81 5.33 4.41 3.48 5.07 4.44 3.71 2.33 6.14
Consolidated Net Income / (Loss)
3.85 6.81 5.33 4.41 3.48 5.07 4.44 3.71 2.33 6.14
Net Income / (Loss) Continuing Operations
6.09 9.01 7.50 6.58 5.68 7.27 6.78 6.12 6.51 8.37
Total Pre-Tax Income
6.09 9.01 7.50 6.58 5.68 7.27 6.78 6.12 7.96 8.37
Total Operating Income
5.64 8.59 7.20 4.72 5.52 6.66 6.21 4.06 4.24 8.08
Total Gross Profit
27 29 27 25 25 27 25 22 25 27
Total Revenue
27 29 27 25 25 27 25 22 25 27
Operating Revenue
27 29 27 25 25 27 25 22 25 27
Total Operating Expenses
21 21 20 20 19 20 19 18 21 19
Selling, General & Admin Expense
1.27 1.21 1.15 1.12 1.10 1.12 1.12 1.09 2.43 1.57
Depreciation Expense
3.45 3.29 3.43 3.47 3.45 3.44 3.22 3.22 3.27 3.21
Other Operating Expenses / (Income)
16 16 16 15 14 15 15 14 15 14
Total Other Income / (Expense), net
0.45 0.42 0.30 1.86 0.16 0.61 0.58 2.06 3.72 0.29
Other Income / (Expense), net
0.45 0.42 0.30 1.86 0.16 0.61 0.58 2.06 1.83 0.29
Other Adjustments to Consolidated Net Income / (Loss)
-2.24 -2.19 -2.18 -2.17 -2.20 -2.20 -2.34 -2.42 - -2.23
Basic Earnings per Share
$0.37 $0.66 $0.52 $0.43 $0.35 $0.49 $0.44 $0.39 $0.24 $0.65
Weighted Average Basic Shares Outstanding
10.29M 10.30M 10.29M 10.29M 10.02M 10.28M 10.00M 9.50M 9.46M 9.48M
Diluted Earnings per Share
$0.37 $0.66 $0.52 $0.43 $0.35 $0.49 $0.44 $0.39 $0.25 $0.65
Weighted Average Diluted Shares Outstanding
10.30M 10.30M 10.30M 10.29M 10.02M 10.28M 10.00M 9.51M 9.48M 9.49M
Weighted Average Basic & Diluted Shares Outstanding
10.30M 10.30M 10.30M 10.29M 10.29M 10.28M 10.28M 9.51M 9.50M 9.49M
Cash Dividends to Common per Share
$0.30 $0.30 $0.30 $0.29 $0.29 $0.28 $0.28 $0.28 $0.28 $0.27

Annual Cash Flow Statements for Artesian Resources

This table details how cash moves in and out of Artesian Resources' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Net Change in Cash & Equivalents
-1.36 1.20 1.22
Net Cash From Operating Activities
37 32 24
Net Cash From Continuing Operating Activities
37 32 24
Net Income / (Loss) Continuing Operations
20 17 18
Consolidated Net Income / (Loss)
20 17 18
Depreciation Expense
14 13 13
Amortization Expense
0.35 0.36 0.35
Non-Cash Adjustments To Reconcile Net Income
-0.68 -1.25 -0.67
Changes in Operating Assets and Liabilities, net
3.13 2.71 -6.03
Net Cash From Investing Activities
-45 -62 -55
Net Cash From Continuing Investing Activities
-45 -62 -55
Purchase of Property, Plant & Equipment
-46 -62 -48
Acquisitions
0.00 0.00 -6.34
Sale of Property, Plant & Equipment
0.62 0.10 0.07
Net Cash From Financing Activities
7.14 31 32
Net Cash From Continuing Financing Activities
7.14 31 32
Repayment of Debt
-2.24 -25 -43
Repurchase of Common Equity
0.00 -0.32 0.00
Payment of Dividends
-12 -11 -10
Issuance of Debt
0.76 8.88 66
Issuance of Common Equity
0.35 37 2.09
Other Financing Activities, net
20 23 16
Cash Interest Paid
9.77 7.52 8.43
Cash Income Taxes Paid
5.73 3.59 3.48

Quarterly Cash Flow Statements for Artesian Resources

This table details how cash moves in and out of Artesian Resources' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents
-9.56 4.45 -3.25 7.00 -3.95 0.54 5.81 -1.19 1.20 -0.11
Net Cash From Operating Activities
6.70 11 6.87 13 8.49 8.14 4.71 11 -0.79 11
Net Cash From Continuing Operating Activities
6.70 11 6.87 13 8.49 8.14 4.71 11 -0.79 11
Net Income / (Loss) Continuing Operations
3.85 6.81 5.33 4.41 3.48 5.07 4.44 3.71 2.33 6.14
Consolidated Net Income / (Loss)
3.85 6.81 5.33 4.41 3.48 5.07 4.44 3.71 2.33 6.14
Depreciation Expense
3.45 3.29 3.42 3.47 3.45 3.44 3.22 3.22 3.27 3.21
Amortization Expense
0.09 0.09 0.04 0.14 0.09 0.09 0.09 0.09 - -
Non-Cash Adjustments To Reconcile Net Income
0.11 0.31 -1.03 -0.07 -0.12 -0.69 -0.54 0.10 0.32 -0.05
Changes in Operating Assets and Liabilities, net
-0.79 0.16 -0.90 4.65 1.59 0.22 -2.49 3.39 -7.06 2.16
Net Cash From Investing Activities
-15 -13 -9.44 -8.32 -13 -17 -16 -17 -12 -13
Net Cash From Continuing Investing Activities
-15 -13 -9.44 -8.32 -13 -17 -16 -17 -12 -13
Purchase of Property, Plant & Equipment
-15 -13 -9.45 -8.92 -13 -17 -16 -17 -12 -13
Sale of Property, Plant & Equipment
0.00 0.01 0.01 0.60 0.02 0.01 0.01 0.05 0.02 0.01
Net Cash From Financing Activities
-1.25 6.34 -0.68 2.73 0.87 8.91 17 5.04 14 1.81
Net Cash From Continuing Financing Activities
-1.25 6.34 -0.68 2.73 0.87 8.91 17 5.04 14 1.81
Repayment of Debt
-0.52 -0.50 -0.83 -0.39 -0.50 -0.35 -23 -1.99 -41 -0.38
Payment of Dividends
-3.10 -3.04 -3.04 -2.98 -2.98 -3.08 -2.54 -2.65 -2.64 -2.58
Issuance of Debt
-3.91 3.84 0.02 0.80 -1.41 5.24 0.73 4.32 53 0.44
Issuance of Common Equity
0.09 0.08 0.09 0.09 0.23 0.27 36 0.09 0.39 0.77
Other Financing Activities, net
6.19 5.96 3.08 5.20 5.53 6.84 4.89 5.26 4.86 3.56
Cash Interest Paid
2.58 3.00 1.68 2.51 1.67 1.00 2.88 1.97 2.67 1.76
Cash Income Taxes Paid
1.28 2.47 1.98 0.01 0.11 1.40 2.07 0.01 2.05 0.69

Annual Balance Sheets for Artesian Resources

This table presents Artesian Resources' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Total Assets
799 767 720
Total Current Assets
25 31 28
Cash & Equivalents
1.15 2.51 1.31
Accounts Receivable
13 15 15
Inventories, net
4.28 5.98 4.70
Prepaid Expenses
3.09 3.30 2.88
Current Deferred & Refundable Income Taxes
2.81 4.07 3.82
Plant, Property, & Equipment, net
3.60 3.69 3.74
Total Noncurrent Assets
770 733 688
Goodwill
1.94 1.94 1.94
Other Noncurrent Operating Assets
769 731 686
Total Liabilities & Shareholders' Equity
799 767 720
Total Liabilities
559 536 532
Total Current Liabilities
26 22 44
Short-Term Debt
2.17 2.24 22
Accounts Payable
11 9.70 11
Accrued Expenses
5.34 3.52 4.25
Customer Deposits
3.35 2.98 -
Current Deferred & Payable Income Tax Liabilities
0.50 0.00 0.01
Other Current Liabilities
2.09 1.70 3.23
Other Current Nonoperating Liabilities
0.93 2.28 0.99
Total Noncurrent Liabilities
534 514 488
Long-Term Debt
177 178 176
Noncurrent Deferred Revenue
1.58 2.80 3.69
Noncurrent Deferred & Payable Income Tax Liabilities
53 59 55
Other Noncurrent Operating Liabilities
303 274 253
Commitments & Contingencies
0.00 0.00 0.00
Total Equity & Noncontrolling Interests
239 230 188
Total Preferred & Common Equity
239 230 188
Preferred Stock
0.00 0.00 0.00
Total Common Equity
239 230 188
Common Stock
154 154 117
Retained Earnings
85 77 71

Quarterly Balance Sheets for Artesian Resources

This table presents Artesian Resources' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 9/30/2024 6/30/2024 3/31/2024 9/30/2023 6/30/2023 3/31/2023 9/30/2022
Total Assets
796 783 775 762 750 726 703
Total Current Assets
34 29 31 34 30 22 23
Cash & Equivalents
11 6.25 9.50 6.46 5.92 0.12 0.11
Accounts Receivable
13 14 12 12 14 12 14
Inventories, net
4.46 4.76 4.85 5.49 5.79 5.26 2.51
Prepaid Expenses
3.18 3.47 2.89 3.29 3.83 2.90 2.72
Current Deferred & Refundable Income Taxes
3.48 0.17 1.19 6.28 1.00 1.82 3.85
Plant, Property, & Equipment, net
3.61 3.62 3.64 3.71 3.71 3.73 3.76
Total Noncurrent Assets
758 750 741 724 716 700 676
Goodwill
1.94 1.94 1.94 1.94 1.94 1.94 2.98
Other Noncurrent Operating Assets
756 748 739 722 714 699 673
Total Liabilities & Shareholders' Equity
796 783 775 762 750 726 703
Total Liabilities
558 549 543 532 523 537 515
Total Current Liabilities
28 22 22 27 25 44 33
Short-Term Debt
2.33 2.23 2.21 2.22 2.10 24 11
Accounts Payable
9.65 7.80 7.88 8.43 9.22 8.10 9.08
Accrued Expenses
5.57 4.87 4.34 4.64 6.16 4.06 4.14
Customer Deposits
3.21 - 2.93 2.75 2.57 2.51 2.48
Dividends Payable
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Current Deferred & Payable Income Tax Liabilities
0.33 0.65 0.83 0.03 0.19 0.62 1.10
Other Current Liabilities
5.59 1.75 1.70 7.28 3.62 3.11 3.29
Other Current Nonoperating Liabilities
1.36 2.25 1.84 1.83 0.90 1.44 1.36
Total Noncurrent Liabilities
530 526 522 505 498 493 482
Long-Term Debt
177 177 178 176 176 176 174
Noncurrent Deferred Revenue
2.39 2.59 2.77 3.26 3.49 3.63 3.96
Noncurrent Deferred & Payable Income Tax Liabilities
53 51 59 59 56 55 55
Other Noncurrent Operating Liabilities
298 295 282 267 263 258 249
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
238 234 232 230 227 189 188
Total Preferred & Common Equity
238 234 232 230 227 189 188
Preferred Stock
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity
238 234 232 230 227 189 188
Common Stock
154 154 154 153 153 117 116
Retained Earnings
84 80 78 76 74 72 72

Annual Metrics And Ratios for Artesian Resources

This table displays calculated financial ratios and metrics derived from Artesian Resources' official financial filings.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Growth Metrics
- - -
Revenue Growth
9.20% -0.04% 8.85%
EBITDA Growth
9.13% 0.18% 7.69%
EBIT Growth
12.83% -2.43% 8.52%
NOPAT Growth
16.51% -6.11% 7.23%
Net Income Growth
22.13% -7.22% 6.96%
EPS Growth
18.56% -12.11% 6.15%
Operating Cash Flow Growth
15.61% 31.26% -22.50%
Free Cash Flow Firm Growth
772.45% 74.29% -184.59%
Invested Capital Growth
1.69% 6.57% 9.99%
Revenue Q/Q Growth
2.18% -0.58% 2.37%
EBITDA Q/Q Growth
0.96% 0.37% 1.02%
EBIT Q/Q Growth
1.44% -1.49% -1.12%
NOPAT Q/Q Growth
0.49% 6.04% -2.56%
Net Income Q/Q Growth
1.82% 7.43% 20.56%
EPS Q/Q Growth
1.02% 6.37% -3.55%
Operating Cash Flow Q/Q Growth
-4.63% 41.09% -33.85%
Free Cash Flow Firm Q/Q Growth
-8.08% 60.92% -3,572.50%
Invested Capital Q/Q Growth
2.32% 1.90% 2.89%
Profitability Metrics
- - -
Gross Margin
100.00% 100.00% 100.00%
EBITDA Margin
39.98% 40.00% 39.91%
Operating Margin
24.22% 22.70% 24.17%
EBIT Margin
27.02% 26.15% 26.80%
Profit (Net Income) Margin
18.89% 16.89% 18.20%
Tax Burden Percent
69.91% 64.59% 67.92%
Interest Burden Percent
100.00% 100.00% 100.00%
Effective Tax Rate
0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)
6.31% 5.64% 6.50%
ROIC Less NNEP Spread (ROIC-NNEP)
3.10% 2.60% 3.30%
Return on Net Nonoperating Assets (RNNOA)
2.37% 2.34% 3.34%
Return on Equity (ROE)
8.69% 7.98% 9.84%
Cash Return on Invested Capital (CROIC)
4.64% -0.72% -3.02%
Operating Return on Assets (OROA)
3.73% 3.48% 3.94%
Return on Assets (ROA)
2.61% 2.25% 2.68%
Return on Common Equity (ROCE)
8.69% 7.98% 9.84%
Return on Equity Simple (ROE_SIMPLE)
8.53% 7.25% 9.58%
Net Operating Profit after Tax (NOPAT)
26 22 24
NOPAT Margin
24.22% 22.70% 24.17%
Net Nonoperating Expense Percent (NNEP)
3.21% 3.04% 3.19%
Return On Investment Capital (ROIC_SIMPLE)
6.26% 5.46% 6.20%
Cost of Revenue to Revenue
0.00% 0.00% 0.00%
SG&A Expenses to Revenue
4.39% 4.48% 6.93%
R&D to Revenue
0.00% 0.00% 0.00%
Operating Expenses to Revenue
75.78% 77.30% 75.83%
Earnings before Interest and Taxes (EBIT)
29 26 27
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
43 40 39
Valuation Ratios
- - -
Price to Book Value (P/BV)
1.35 1.77 2.77
Price to Tangible Book Value (P/TBV)
1.36 1.79 2.80
Price to Revenue (P/Rev)
2.99 4.13 5.27
Price to Earnings (P/E)
15.81 24.46 28.96
Dividend Yield
3.77% 2.86% 2.50%
Earnings Yield
6.32% 4.09% 3.45%
Enterprise Value to Invested Capital (EV/IC)
1.20 1.43 1.86
Enterprise Value to Revenue (EV/Rev)
4.63 5.93 7.26
Enterprise Value to EBITDA (EV/EBITDA)
11.59 14.83 18.18
Enterprise Value to EBIT (EV/EBIT)
17.14 22.68 27.08
Enterprise Value to NOPAT (EV/NOPAT)
19.12 26.13 30.02
Enterprise Value to Operating Cash Flow (EV/OCF)
13.58 18.41 29.58
Enterprise Value to Free Cash Flow (EV/FCFF)
26.03 0.00 0.00
Leverage & Solvency
- - -
Debt to Equity
0.75 0.78 1.05
Long-Term Debt to Equity
0.74 0.77 0.93
Financial Leverage
0.76 0.90 1.01
Leverage Ratio
3.33 3.55 3.67
Compound Leverage Factor
3.33 3.55 3.67
Debt to Total Capital
42.76% 43.93% 51.28%
Short-Term Debt to Total Capital
0.52% 0.54% 5.75%
Long-Term Debt to Total Capital
42.24% 43.39% 45.53%
Preferred Equity to Total Capital
0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00%
Common Equity to Total Capital
57.24% 56.07% 48.72%
Debt to EBITDA
4.14 4.57 5.01
Net Debt to EBITDA
4.11 4.50 4.98
Long-Term Debt to EBITDA
4.09 4.51 4.45
Debt to NOPAT
6.83 8.04 8.27
Net Debt to NOPAT
6.79 7.93 8.22
Long-Term Debt to NOPAT
6.75 7.94 7.35
Altman Z-Score
0.75 0.85 0.96
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00%
Liquidity Ratios
- - -
Current Ratio
0.96 1.37 0.63
Quick Ratio
0.56 0.77 0.37
Cash Flow Metrics
- - -
Free Cash Flow to Firm (FCFF)
19 -2.86 -11
Operating Cash Flow to CapEx
81.25% 51.31% 50.12%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 0.00
Operating Cash Flow to Interest Expense
0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 0.00
Efficiency Ratios
- - -
Asset Turnover
0.14 0.13 0.15
Accounts Receivable Turnover
7.72 6.62 8.06
Inventory Turnover
0.00 0.00 0.00
Fixed Asset Turnover
29.59 26.60 26.40
Accounts Payable Turnover
0.00 0.00 0.00
Days Sales Outstanding (DSO)
47.28 55.12 45.29
Days Inventory Outstanding (DIO)
0.00 0.00 0.00
Days Payable Outstanding (DPO)
0.00 0.00 0.00
Cash Conversion Cycle (CCC)
47.28 55.12 45.29
Capital & Investment Metrics
- - -
Invested Capital
418 411 385
Invested Capital Turnover
0.26 0.25 0.27
Increase / (Decrease) in Invested Capital
6.94 25 35
Enterprise Value (EV)
500 586 718
Market Capitalization
322 408 521
Book Value per Share
$23.23 $22.42 $19.80
Tangible Book Value per Share
$23.04 $22.23 $19.60
Total Capital
418 411 386
Total Debt
179 181 198
Total Long-Term Debt
177 178 176
Net Debt
178 178 196
Capital Expenditures (CapEx)
45 62 48
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-0.05 7.93 4.60
Debt-free Net Working Capital (DFNWC)
1.10 10 5.91
Net Working Capital (NWC)
-1.07 8.20 -16
Net Nonoperating Expense (NNE)
5.76 5.75 5.91
Net Nonoperating Obligations (NNO)
178 180 197
Total Depreciation and Amortization (D&A)
14 14 13
Debt-free, Cash-free Net Working Capital to Revenue
-0.04% 8.02% 4.65%
Debt-free Net Working Capital to Revenue
1.02% 10.56% 5.98%
Net Working Capital to Revenue
-0.99% 8.30% -16.45%
Earnings Adjustments
- - -
Adjusted Basic Earnings per Share
$1.98 $1.67 $1.90
Adjusted Weighted Average Basic Shares Outstanding
10.29M 10.02M 9.46M
Adjusted Diluted Earnings per Share
$1.98 $1.67 $1.90
Adjusted Weighted Average Diluted Shares Outstanding
10.30M 10.02M 9.48M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
10.30M 10.29M 9.50M
Normalized Net Operating Profit after Tax (NOPAT)
18 16 17
Normalized NOPAT Margin
16.96% 15.89% 16.92%
Pre Tax Income Margin
27.02% 26.15% 26.80%
Debt Service Ratios
- - -
EBIT to Interest Expense
0.00 0.00 0.00
NOPAT to Interest Expense
0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
0.00 0.00 0.00
Payout Ratios
- - -
Dividend Payout Ratio
59.66% 67.32% 57.33%
Augmented Payout Ratio
59.66% 69.22% 57.33%

Quarterly Metrics And Ratios for Artesian Resources

This table displays calculated financial ratios and metrics derived from Artesian Resources' official financial filings.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics
- - - - - - - - - -
Revenue Growth
9.39% 9.68% 8.57% 9.11% -2.28% -0.05% 0.96% 1.39% 10.04% 6.67%
EBITDA Growth
4.46% 14.61% 8.65% 7.93% -1.29% -6.73% -0.99% 17.81% 0.46% 16.59%
EBIT Growth
7.28% 23.83% 10.55% 7.45% -6.46% -13.15% -4.91% 24.33% -4.71% 20.21%
NOPAT Growth
2.30% 28.96% 15.95% 16.23% 30.18% -17.58% -9.28% -14.40% -12.92% 17.16%
Net Income Growth
10.49% 34.35% 19.85% 19.06% 49.68% -17.46% -11.95% -17.35% 412.50% -11.80%
EPS Growth
5.71% 34.69% 18.18% 10.26% 40.00% -24.62% -16.98% -17.02% -21.88% 20.37%
Operating Cash Flow Growth
-21.07% 31.00% 45.66% 19.85% 1,181.66% -28.99% 166.42% -11.09% -106.75% 94.11%
Free Cash Flow Firm Growth
93.46% 115.89% 87.75% 70.59% 35.72% -35.23% -43.21% -254.24% -617.48% -68.68%
Invested Capital Growth
1.69% 1.27% 2.55% 3.70% 6.57% 7.60% 8.29% 10.51% 9.99% 6.91%
Revenue Q/Q Growth
-7.86% 6.30% 11.70% 0.00% -7.62% 5.22% 12.25% -10.44% -5.51% 6.28%
EBITDA Q/Q Growth
-22.23% 12.96% 7.64% 11.55% -14.68% 7.10% 6.92% 1.04% -19.39% 13.69%
EBIT Q/Q Growth
-32.39% 20.08% 14.02% 15.89% -21.96% 7.21% 10.81% 0.89% -27.54% 17.38%
NOPAT Q/Q Growth
-34.30% 19.34% 52.53% -14.46% -17.17% 7.30% 52.91% -4.20% -47.56% 18.11%
Net Income Q/Q Growth
-43.56% 27.94% 20.72% 26.75% -31.37% 14.13% 19.92% 59.35% -62.16% 21.76%
EPS Q/Q Growth
-43.94% 26.92% 20.93% 22.86% -28.57% 11.36% 12.82% 56.00% -61.54% 22.64%
Operating Cash Flow Q/Q Growth
-37.14% 55.31% -45.49% 48.32% 4.32% 72.69% -55.15% 1,438.60% -106.85% 547.94%
Free Cash Flow Firm Q/Q Growth
-137.36% 215.96% 69.26% 50.85% 9.31% 10.61% 26.19% -7.42% -90.79% 5.33%
Invested Capital Q/Q Growth
2.32% -0.47% 1.30% -1.42% 1.90% 0.78% 2.44% 1.30% 2.89% 1.42%
Profitability Metrics
- - - - - - - - - -
Gross Margin
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
EBITDA Margin
35.86% 42.49% 39.98% 41.49% 37.56% 40.66% 39.95% 41.94% 37.18% 43.58%
Operating Margin
21.02% 29.48% 26.25% 19.23% 22.48% 25.07% 24.59% 18.05% 16.87% 30.40%
EBIT Margin
22.68% 30.90% 27.36% 26.80% 23.12% 27.37% 26.87% 27.21% 24.16% 31.50%
Profit (Net Income) Margin
14.32% 23.38% 19.42% 17.97% 14.18% 19.09% 17.60% 16.47% 9.26% 23.11%
Tax Burden Percent
63.15% 75.65% 71.00% 67.06% 61.31% 69.72% 65.49% 60.52% 29.23% 73.37%
Interest Burden Percent
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 131.10% 100.00%
Effective Tax Rate
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)
5.48% 7.68% 6.68% 4.88% 5.58% 6.41% 6.36% 4.81% 4.54% 8.10%
ROIC Less NNEP Spread (ROIC-NNEP)
4.48% 6.64% 5.61% 4.71% 4.50% 5.53% 5.38% 4.63% 3.50% 7.03%
Return on Net Nonoperating Assets (RNNOA)
3.42% 4.87% 4.23% 4.19% 4.07% 4.77% 4.76% 4.68% 3.54% 7.03%
Return on Equity (ROE)
8.90% 12.55% 10.91% 9.07% 9.65% 11.18% 11.11% 9.49% 8.07% 15.14%
Cash Return on Invested Capital (CROIC)
4.64% 5.15% 3.43% 2.18% -0.72% -1.88% -2.09% -3.74% -3.02% 0.09%
Operating Return on Assets (OROA)
3.13% 4.19% 3.68% 3.60% 3.08% 3.72% 3.75% 3.92% 3.55% 4.61%
Return on Assets (ROA)
1.98% 3.17% 2.61% 2.42% 1.89% 2.59% 2.46% 2.37% 1.36% 3.39%
Return on Common Equity (ROCE)
8.90% 12.55% 10.91% 9.07% 9.65% 11.18% 11.11% 9.49% 8.07% 15.14%
Return on Equity Simple (ROE_SIMPLE)
0.00% 8.40% 7.80% 7.50% 0.00% 6.77% 7.31% 9.10% 0.00% 7.95%
Net Operating Profit after Tax (NOPAT)
5.64 8.59 7.20 4.72 5.52 6.66 6.21 4.06 4.24 8.08
NOPAT Margin
21.02% 29.48% 26.25% 19.23% 22.48% 25.07% 24.59% 18.05% 16.87% 30.40%
Net Nonoperating Expense Percent (NNEP)
1.00% 1.04% 1.08% 0.16% 1.08% 0.88% 0.98% 0.19% 1.03% 1.07%
Return On Investment Capital (ROIC_SIMPLE)
1.35% - - - 1.34% - - - 1.10% -
Cost of Revenue to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue
4.73% 4.16% 4.18% 4.55% 4.48% 4.22% 4.44% 4.82% 9.68% 5.91%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
78.98% 70.52% 73.75% 80.77% 77.52% 74.93% 75.41% 81.95% 83.13% 69.60%
Earnings before Interest and Taxes (EBIT)
6.09 9.01 7.50 6.58 5.68 7.27 6.78 6.12 6.07 8.37
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
9.63 12 11 10 9.22 11 10 9.44 9.34 12
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
1.35 1.61 1.53 1.62 1.77 1.82 1.91 2.67 2.77 2.28
Price to Tangible Book Value (P/TBV)
1.36 1.62 1.54 1.63 1.79 1.84 1.92 2.70 2.80 2.32
Price to Revenue (P/Rev)
2.99 3.62 3.48 3.73 4.13 4.21 4.35 5.09 5.27 4.44
Price to Earnings (P/E)
15.81 19.11 19.62 21.60 24.46 26.93 26.06 29.32 28.96 22.91
Dividend Yield
3.77% 3.15% 3.32% 3.14% 2.86% 3.44% 3.06% 2.60% 2.50% 2.38%
Earnings Yield
6.32% 5.23% 5.10% 4.63% 4.09% 3.71% 3.84% 3.41% 3.45% 4.36%
Enterprise Value to Invested Capital (EV/IC)
1.20 1.35 1.30 1.35 1.43 1.46 1.51 1.80 1.86 1.64
Enterprise Value to Revenue (EV/Rev)
4.63 5.22 5.16 5.42 5.93 5.94 6.08 7.10 7.26 6.36
Enterprise Value to EBITDA (EV/EBITDA)
11.59 12.90 12.93 13.58 14.83 14.98 15.02 17.42 18.18 15.73
Enterprise Value to EBIT (EV/EBIT)
17.14 19.17 19.69 20.79 22.68 22.49 22.12 25.44 27.08 22.93
Enterprise Value to NOPAT (EV/NOPAT)
19.12 21.18 22.09 23.68 26.13 27.88 26.78 30.34 30.02 25.05
Enterprise Value to Operating Cash Flow (EV/OCF)
13.58 14.28 14.75 16.12 18.41 26.15 23.35 30.70 29.58 16.75
Enterprise Value to Free Cash Flow (EV/FCFF)
26.03 26.38 38.27 63.15 0.00 0.00 0.00 0.00 0.00 1,920.39
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.75 0.75 0.77 0.78 0.78 0.78 0.78 1.06 1.05 0.99
Long-Term Debt to Equity
0.74 0.74 0.76 0.77 0.77 0.77 0.77 0.93 0.93 0.93
Financial Leverage
0.76 0.73 0.75 0.89 0.90 0.86 0.88 1.01 1.01 1.00
Leverage Ratio
3.33 3.33 3.32 3.56 3.55 3.51 3.49 3.73 3.67 3.64
Compound Leverage Factor
3.33 3.33 3.32 3.56 3.55 3.51 3.49 3.73 4.82 3.64
Debt to Total Capital
42.76% 42.92% 43.40% 43.77% 43.93% 43.68% 43.88% 51.39% 51.28% 49.68%
Short-Term Debt to Total Capital
0.52% 0.56% 0.54% 0.54% 0.54% 0.54% 0.52% 6.09% 5.75% 3.06%
Long-Term Debt to Total Capital
42.24% 42.36% 42.86% 43.23% 43.39% 43.14% 43.36% 45.30% 45.53% 46.62%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
57.24% 57.08% 56.60% 56.23% 56.07% 56.32% 56.12% 48.61% 48.72% 50.32%
Debt to EBITDA
4.14 4.19 4.37 4.48 4.57 4.52 4.41 4.94 5.01 4.75
Net Debt to EBITDA
4.11 3.94 4.21 4.25 4.50 4.36 4.27 4.94 4.98 4.74
Long-Term Debt to EBITDA
4.09 4.14 4.31 4.43 4.51 4.46 4.36 4.36 4.45 4.45
Debt to NOPAT
6.83 6.89 7.46 7.81 8.04 8.41 7.87 8.61 8.27 7.56
Net Debt to NOPAT
6.79 6.48 7.20 7.40 7.93 8.11 7.60 8.61 8.22 7.55
Long-Term Debt to NOPAT
6.75 6.80 7.37 7.72 7.94 8.31 7.77 7.59 7.35 7.09
Altman Z-Score
0.65 0.74 0.71 0.73 0.76 0.78 0.81 0.83 0.86 0.80
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
0.96 1.22 1.30 1.42 1.37 1.25 1.22 0.50 0.63 0.70
Quick Ratio
0.56 0.83 0.92 1.01 0.77 0.70 0.79 0.27 0.37 0.42
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-1.30 3.47 -2.99 -9.72 -20 -22 -24 -33 -31 -16
Operating Cash Flow to CapEx
44.66% 84.94% 72.74% 151.33% 63.77% 49.29% 30.39% 62.77% -6.65% 85.63%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.14 0.14 0.13 0.13 0.13 0.14 0.14 0.14 0.15 0.15
Accounts Receivable Turnover
7.72 8.47 7.34 8.44 6.62 7.61 8.34 10.20 8.06 7.74
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
29.59 28.89 28.10 27.41 26.60 26.64 26.62 26.51 26.40 25.77
Accounts Payable Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)
47.28 43.11 49.70 43.27 55.12 47.99 43.76 35.80 45.29 47.16
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)
47.28 43.11 49.70 43.27 55.12 47.99 43.76 35.80 45.29 47.16
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
418 408 410 405 411 403 400 390 385 375
Invested Capital Turnover
0.26 0.26 0.25 0.25 0.25 0.26 0.26 0.27 0.27 0.27
Increase / (Decrease) in Invested Capital
6.94 5.12 10 14 25 28 31 37 35 24
Enterprise Value (EV)
500 551 532 547 586 590 605 705 718 615
Market Capitalization
322 383 359 376 408 419 433 505 521 429
Book Value per Share
$23.23 $23.15 $22.79 $22.55 $22.42 $22.34 $23.90 $19.90 $19.80 $19.90
Tangible Book Value per Share
$23.04 $22.96 $22.60 $22.36 $22.23 $22.16 $23.70 $19.70 $19.60 $19.59
Total Capital
418 418 414 413 411 408 405 389 386 373
Total Debt
179 179 180 181 181 178 178 200 198 185
Total Long-Term Debt
177 177 177 178 178 176 176 176 176 174
Net Debt
178 169 173 171 178 172 172 200 196 185
Capital Expenditures (CapEx)
15 13 9.44 8.32 13 17 16 17 12 13
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-0.05 -2.07 2.68 1.83 7.93 2.53 1.54 1.65 4.60 1.34
Debt-free Net Working Capital (DFNWC)
1.10 8.64 8.93 11 10 8.99 7.46 1.77 5.91 1.45
Net Working Capital (NWC)
-1.07 6.30 6.71 9.12 8.20 6.77 5.36 -22 -16 -9.97
Net Nonoperating Expense (NNE)
1.80 1.78 1.87 0.31 2.04 1.59 1.77 0.36 1.91 1.94
Net Nonoperating Obligations (NNO)
178 170 176 173 180 173 173 201 197 187
Total Depreciation and Amortization (D&A)
3.54 3.38 3.46 3.61 3.54 3.53 3.30 3.31 3.27 3.21
Debt-free, Cash-free Net Working Capital to Revenue
-0.04% -1.96% 2.60% 1.82% 8.02% 2.55% 1.55% 1.67% 4.65% 1.39%
Debt-free Net Working Capital to Revenue
1.02% 8.17% 8.67% 11.23% 10.56% 9.04% 7.51% 1.78% 5.98% 1.50%
Net Working Capital to Revenue
-0.99% 5.97% 6.51% 9.04% 8.30% 6.81% 5.39% -22.11% -16.45% -10.32%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$0.37 $0.66 $0.52 $0.43 $0.35 $0.49 $0.44 $0.39 $0.24 $0.65
Adjusted Weighted Average Basic Shares Outstanding
10.29M 10.30M 10.29M 10.29M 10.02M 10.28M 10.00M 9.50M 9.46M 9.48M
Adjusted Diluted Earnings per Share
$0.37 $0.66 $0.52 $0.43 $0.35 $0.49 $0.44 $0.39 $0.25 $0.65
Adjusted Weighted Average Diluted Shares Outstanding
10.30M 10.30M 10.30M 10.29M 10.02M 10.28M 10.00M 9.51M 9.48M 9.49M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
10.30M 10.30M 10.30M 10.29M 10.29M 10.28M 10.28M 9.51M 9.50M 9.49M
Normalized Net Operating Profit after Tax (NOPAT)
3.95 6.01 5.04 3.30 3.86 4.66 4.35 2.84 2.97 5.66
Normalized NOPAT Margin
14.71% 20.63% 18.38% 13.46% 15.73% 17.55% 17.21% 12.63% 11.81% 21.28%
Pre Tax Income Margin
22.68% 30.90% 27.36% 26.80% 23.12% 27.37% 26.87% 27.21% 31.67% 31.50%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
59.66% 60.12% 66.07% 66.51% 67.32% 70.17% 62.62% 60.67% 57.33% 68.28%
Augmented Payout Ratio
59.66% 60.12% 66.09% 68.33% 69.22% 72.21% 64.50% 60.67% 57.33% 68.28%

Frequently Asked Questions About Artesian Resources' Financials

When does Artesian Resources's financial year end?

According to the most recent income statement we have on file, Artesian Resources' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Artesian Resources' net income changed over the last 2 years?

Artesian Resources' net income appears to be on an upward trend, with a most recent value of $20.39 million in 2024, rising from $18.00 million in 2022. The previous period was $16.70 million in 2023.

What is Artesian Resources's operating income?
Artesian Resources's total operating income in 2024 was $26.15 million, based on the following breakdown:
  • Total Gross Profit: $107.95 million
  • Total Operating Expenses: $81.80 million
How has Artesian Resources revenue changed over the last 2 years?

Over the last 2 years, Artesian Resources' total revenue changed from $98.90 million in 2022 to $107.95 million in 2024, a change of 9.2%.

How much debt does Artesian Resources have?

Artesian Resources' total liabilities were at $559.43 million at the end of 2024, a 4.3% increase from 2023, and a 5.2% increase since 2022.

How much cash does Artesian Resources have?

In the past 2 years, Artesian Resources' cash and equivalents has ranged from $1.15 million in 2024 to $2.51 million in 2023, and is currently $1.15 million as of their latest financial filing in 2024.

How has Artesian Resources' book value per share changed over the last 2 years?

Over the last 2 years, Artesian Resources' book value per share changed from 19.80 in 2022 to 23.23 in 2024, a change of 17.3%.



This page (NASDAQ:ARTNA) was last updated on 5/29/2025 by MarketBeat.com Staff
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