Artesian Resources (ARTNA) Financials

$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

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

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

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

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

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

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

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%

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%.

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

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Artesian Resources (ARTNA) Financials

Frequently Asked Questions About Artesian Resources' Financials

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Artesian Resources (ARTNA) Financials

Annual Income Statements for Artesian Resources

Quarterly Income Statements for Artesian Resources

Annual Cash Flow Statements for Artesian Resources

Quarterly Cash Flow Statements for Artesian Resources

Annual Balance Sheets for Artesian Resources

Quarterly Balance Sheets for Artesian Resources

Annual Metrics And Ratios for Artesian Resources

Quarterly Metrics And Ratios for Artesian Resources

Frequently Asked Questions About Artesian Resources' Financials

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