Artesian Resources Financials

ARTNA Stock  USD 34.57  0.08  0.23%   
Based on the key indicators related to Artesian Resources' liquidity, profitability, solvency, and operating efficiency, Artesian Resources is not in a good financial situation at this time. It has a very high probability of going through financial hardship in December. At present, Artesian Resources' Other Current Liabilities is projected to decrease significantly based on the last few years of reporting. The current year's Total Current Liabilities is expected to grow to about 26.6 M, whereas Total Assets are forecasted to decline to about 384.9 M. Key indicators impacting Artesian Resources' financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Net Profit Margin0.10.1689
Way Down
Slightly volatile
Return On Assets0.01760.0218
Significantly Down
Slightly volatile
Return On Equity0.06630.0725
Significantly Down
Slightly volatile
Debt Equity Ratio1.250.7837
Way Up
Slightly volatile
Operating Income15.9 M22.4 M
Way Down
Slightly volatile
Current Ratio1.431.366
Sufficiently Up
Slightly volatile
Investors should never underestimate Artesian Resources' ability to pay suppliers on time, ensure interest payments are not accumulating, and correctly time where and how to reinvest extra cash. Individual investors need to monitor Artesian Resources' cash flow, debt, and profitability to make informed and accurate decisions about investing in Artesian Resources.

Net Income

9.02 Million

  
Understanding current and past Artesian Resources Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Artesian Resources' financial statements are interrelated, with each one affecting the others. For example, an increase in Artesian Resources' assets may result in an increase in income on the income statement.
Please note, the presentation of Artesian Resources' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Artesian Resources' management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Artesian Resources' management manipulating its earnings.

Artesian Resources Stock Summary

Artesian Resources competes with American States, California Water, Consolidated Water, SJW Group, and Middlesex Water. Artesian Resources Corporation, through its subsidiaries, provides water, wastewater, and other services in Delaware, Maryland, and Pennsylvania. Artesian Resources Corporation was founded in 1905 and is headquartered in Newark, Delaware. Artesian Res operates under UtilitiesRegulated Water classification in the United States and is traded on NASDAQ Exchange. It employs 245 people.
Specialization
Utilities, Utilities - Regulated Water
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINUS0431132085
CUSIP043113208
LocationDelaware; U.S.A
Business Address664 Churchmans Road,
SectorWater Utilities
IndustryUtilities
BenchmarkDow Jones Industrial
Websitewww.artesianwater.com
Phone302 453 6900
CurrencyUSD - US Dollar

Artesian Resources Key Financial Ratios

Artesian Resources Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets560.4M593.2M625.2M719.8M766.8M384.9M
Other Current Liab6.2M6.5M6.4M8.5M7.5M7.6M
Net Debt153.2M171.3M171.9M197.0M178.6M115.6M
Retained Earnings49.2M56.6M63.6M71.3M76.7M80.6M
Accounts Payable8.2M6.3M10.2M10.9M9.7M5.3M
Cash596K28K92K1.3M2.5M2.6M
Net Receivables8.1M12.0M8.9M16.7M16.6M9.0M
Inventory1.3M1.5M1.9M4.7M6.0M6.3M
Other Current Assets2.3M4.1M5.0M5.1M5.6M5.8M
Total Liab400.1M423.8M447.2M531.9M536.4M278.2M
Total Current Assets14.2M17.6M19.2M27.8M30.6M32.1M
Short Term Debt9.2M28.7M28.3M19.7M2.3M2.1M
Common Stock9.3M9.4M9.4M9.5M10.3M6.9M
Other Liab229.9M237.3M256.2M311.7M358.5M376.4M
Other Assets11.1M575.6M15.6M17.8M20.5M36.4M
Long Term Debt144.2M142.3M143.3M175.6M178.3M119.8M
Good Will288K623K0.01.9M2.2M2.3M
Net Tangible Assets453.9M472.0M497.9M587.9M676.0M369.2M
Long Term Debt Total144.2M142.3M143.3M175.6M202.0M140.2M
Capital Surpluse101.8M103.5M105.0M107.1M123.2M107.1M

Artesian Resources Key Income Statement Accounts

201920202021202220232024 (projected)
Interest Expense7.0M7.6M7.6M8.5M9.2M6.6M
Total Revenue83.6M88.1M90.9M98.9M98.9M63.5M
Gross Profit41.1M44.5M45.5M48.3M48.2M38.6M
Operating Income19.9M22.3M22.3M23.9M22.4M15.9M
Ebit19.9M28.0M28.0M29.8M28.8M18.6M
Ebitda36.5M39.1M39.9M42.4M42.1M26.1M
Income Before Tax20.1M22.5M22.6M23.9M23.0M14.0M
Net Income14.9M16.8M16.8M18.0M16.7M9.0M
Income Tax Expense5.2M5.7M5.7M5.9M6.3M4.9M
Cost Of Revenue42.5M43.6M45.4M50.6M50.6M34.9M
Tax Provision5.2M5.7M5.7M5.9M6.1M5.1M
Net Interest Income(7.0M)(7.6M)(7.6M)(8.5M)(9.3M)(9.7M)

Artesian Resources Key Cash Accounts

201920202021202220232024 (projected)
Change In Cash303K(568K)64K1.2M1.2M1.3M
Free Cash Flow(21.8M)(13.9M)(9.5M)(24.2M)(30.3M)(28.8M)
Other Non Cash Items(886K)(781K)(556K)(894K)(796K)(756.2K)
Dividends Paid9.1M9.4M9.8M10.3M11.2M6.1M
Capital Expenditures40.7M34.3M40.8M48.5M62.2M65.3M
Net Income14.9M16.8M16.8M18.0M16.7M9.0M
End Period Cash Flow596K28K92K1.3M2.5M2.6M
Change To Inventory195K(271K)(398K)(2.8M)(1.3M)(1.2M)
Depreciation10.8M11.1M11.9M12.6M13.3M8.5M
Change To Netincome(4.2M)(3.2M)1.9M8.3M9.6M10.1M
Change Receivables(94K)(2.3M)94K(3.8M)(3.4M)(3.2M)
Net Borrowings19.6M17.6M2.1M23.5M27.0M28.4M
Investments(40.6M)(40.0M)(40.7M)(54.8M)(60.6M)(63.6M)

Artesian Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Artesian Resources's current stock value. Our valuation model uses many indicators to compare Artesian Resources value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Artesian Resources competition to find correlations between indicators driving Artesian Resources's intrinsic value. More Info.
Artesian Resources is rated below average in return on equity category among its peers. It is rated below average in return on asset category among its peers reporting about  0.31  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Artesian Resources is roughly  3.22 . At present, Artesian Resources' Return On Equity is projected to increase slightly based on the last few years of reporting. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Artesian Resources' earnings, one of the primary drivers of an investment's value.

Artesian Resources Systematic Risk

Artesian Resources' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Artesian Resources volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Beta measures systematic risk based on how returns on Artesian Resources correlated with the market. If Beta is less than 0 Artesian Resources generally moves in the opposite direction as compared to the market. If Artesian Resources Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Artesian Resources is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Artesian Resources is generally in the same direction as the market. If Beta > 1 Artesian Resources moves generally in the same direction as, but more than the movement of the benchmark.
Today, most investors in Artesian Resources Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Artesian Resources' growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Artesian Resources growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(1.95)

At present, Artesian Resources' Price Earnings To Growth Ratio is projected to drop based on the last few years of reporting.

Artesian Resources November 29, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Artesian Resources help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Artesian Resources. We use our internally-developed statistical techniques to arrive at the intrinsic value of Artesian Resources based on widely used predictive technical indicators. In general, we focus on analyzing Artesian Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Artesian Resources's daily price indicators and compare them against related drivers.

Complementary Tools for Artesian Stock analysis

When running Artesian Resources' price analysis, check to measure Artesian Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Artesian Resources is operating at the current time. Most of Artesian Resources' value examination focuses on studying past and present price action to predict the probability of Artesian Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Artesian Resources' price. Additionally, you may evaluate how the addition of Artesian Resources to your portfolios can decrease your overall portfolio volatility.
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