Growth Metrics

American States Water (AWR) Debt to Equity (2010 - 2025)

American States Water (AWR) reported Debt to Equity of $0.13 for Q4 2025, down 24.81% year-over-year from $0.18 in Q4 2024, and down 82.78% on a QoQ basis from $0.78 in Q3 2025.

American States Water (AWR) has 16 years of Debt to Equity data on file, last reported at $0.13 in Q4 2025.

  • Quarterly Debt to Equity fell 24.81% year-over-year to $0.13 in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $0.13 (down 24.81% YoY) and the FY2025 annual result came in at $0.13, down 24.81% from the prior year.
  • Debt to Equity eased to $0.13 in Q4 2025 per AWR's latest filing, from $0.78 in the prior quarter.
  • Across five years, Debt to Equity topped out at $0.81 in Q2 2025 and bottomed at $0.03 in Q1 2023.
  • The 5-year median for Debt to Equity is $0.61 (2021), against an average of $0.5.
  • The widest annual swing landed in 2023, when Debt to Equity slumped 87.38%; it then surged 957.41% in 2024.
  • Tracing AWR's Debt to Equity over 5 years: stood at $0.6 in 2021, then climbed by 4.74% to $0.63 in 2022, then climbed by 17.84% to $0.74 in 2023, then sank by 75.82% to $0.18 in 2024, then fell by 24.81% to $0.13 in 2025.
  • Per Business Quant, the three latest AWR Debt to Equity figures stand at $0.13 (Q4 2025), $0.78 (Q3 2025), and $0.81 (Q2 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 American Water Works Company 24.41 Bn 24.28 Bn 714.00 Mn 1.29
2 Aris Mining 20.22 Bn 19.75 Bn 233.28 Mn -
3 Essential Utilities 10.60 Bn 10.53 Bn 685.96 Mn 1.22
4 American States Water 2.95 Bn 2.94 Bn 104.19 Mn 0.13
5 California Water Service 2.62 Bn 2.52 Bn 183.34 Mn 0.88
6 H2O America 2.18 Bn 2.03 Bn 171.30 Mn 1.02
7 Middlesex Water 966.38 Mn 964.34 Mn 25.70 Mn 0.76
8 Consolidated Water 470.56 Mn 349.42 Mn 10.92 Mn 0.00
9 York Water 431.27 Mn 431.27 Mn 13.98 Mn 0.98
10 Artesian Resources 334.72 Mn 330.46 Mn 26.56 Mn 0.73

Historic Data

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DateValue
Dec 31, 2025 0.13
Sep 30, 2025 0.78
Jun 30, 2025 0.81
Mar 31, 2025 0.72
Dec 31, 2024 0.18
Sep 30, 2024 0.73
Jun 30, 2024 0.15
Mar 31, 2024 0.37
Dec 31, 2023 0.74
Sep 30, 2023 0.31
Jun 30, 2023 0.76
Mar 31, 2023 0.03
Dec 31, 2022 0.63
Sep 30, 2022 0.79
Jun 30, 2022 0.15
Mar 31, 2022 0.28
Dec 31, 2021 0.60
Sep 30, 2021 0.61
Jun 30, 2021 0.62
Mar 31, 2021 0.68
Dec 31, 2020 0.69
Sep 30, 2020 0.75
Jun 30, 2020 0.32
Mar 31, 2020 0.63
Dec 31, 2019 0.60
Sep 30, 2019 0.33
Jun 30, 2019 0.32
Mar 31, 2019 0.27
Dec 31, 2018 0.24
Sep 30, 2018 0.20
Jun 30, 2018 0.60
Mar 31, 2018 0.60
Dec 31, 2017 0.00
Sep 30, 2017 0.61
Jun 30, 2017 0.63
Mar 31, 2017 0.65
Dec 31, 2016 0.65
Sep 30, 2016 0.65
Jun 30, 2016 0.67
Mar 31, 2016 0.69
Dec 31, 2015 0.69
Sep 30, 2015 0.69
Jun 30, 2015 0.68
Mar 31, 2015 0.66
Dec 31, 2014 0.64
Sep 30, 2014 0.62
Jun 30, 2014 0.67
Mar 31, 2014 0.67
Dec 31, 2013 0.68
Sep 30, 2013 0.69
Jun 30, 2013 0.72
Mar 31, 2013 0.73
Dec 31, 2012 0.74
Sep 30, 2012 0.77
Jun 30, 2012 0.80
Mar 31, 2012 0.82
Dec 31, 2011 0.83
Sep 30, 2011 0.84
Jun 30, 2011 0.87
Dec 31, 2010 0.80