Artesian Resources Corporation
Artesian Resources Corporation provides water, wastewater, and other services in Delaware, Maryland, and Pennsylvania. The company distributes and sells water to residential, commercial, industrial, governmental, municipal, and utility customers, as well as for public and private fire protection in the states of Delaware, Maryland, and Pennsylvania; and offers wastewater collection, treatment inf… Read more
Artesian Resources Corporation (ARTNA) - Net Assets
Latest net assets as of September 2025: $248.84 Million USD
Based on the latest financial reports, Artesian Resources Corporation (ARTNA) has net assets worth $248.84 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($833.91 Million) and total liabilities ($585.07 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $248.84 Million |
| % of Total Assets | 29.84% |
| Annual Growth Rate | 9.64% |
| 5-Year Change | 41.18% |
| 10-Year Change | 80.75% |
| Growth Volatility | 14.13 |
Artesian Resources Corporation - Net Assets Trend (1995–2024)
This chart illustrates how Artesian Resources Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Artesian Resources Corporation (1995–2024)
The table below shows the annual net assets of Artesian Resources Corporation from 1995 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $239.19 Million | +3.82% |
| 2023-12-31 | $230.40 Million | +22.60% |
| 2022-12-31 | $187.93 Million | +5.57% |
| 2021-12-31 | $178.01 Million | +5.07% |
| 2020-12-31 | $169.43 Million | +5.71% |
| 2019-12-31 | $160.27 Million | +4.58% |
| 2018-12-31 | $153.25 Million | +4.51% |
| 2017-12-31 | $146.64 Million | +5.48% |
| 2016-12-31 | $139.02 Million | +5.06% |
| 2015-12-31 | $132.33 Million | +5.35% |
| 2014-12-31 | $125.61 Million | +3.09% |
| 2013-12-31 | $121.84 Million | +3.09% |
| 2012-12-31 | $118.18 Million | +4.59% |
| 2011-12-31 | $113.00 Million | +18.76% |
| 2010-12-31 | $95.15 Million | +4.36% |
| 2009-12-31 | $91.17 Million | +3.85% |
| 2008-12-31 | $87.79 Million | +3.13% |
| 2007-12-31 | $85.13 Million | +37.75% |
| 2006-12-31 | $61.80 Million | +6.90% |
| 2005-12-31 | $57.81 Million | +5.22% |
| 2004-12-31 | $54.94 Million | +4.27% |
| 2003-12-31 | $52.69 Million | +2.76% |
| 2002-12-31 | $51.28 Million | +48.00% |
| 2001-12-31 | $34.65 Million | +4.58% |
| 2000-12-31 | $33.13 Million | +1.00% |
| 1999-12-31 | $32.80 Million | +15.49% |
| 1998-12-31 | $28.40 Million | +4.41% |
| 1997-12-31 | $27.20 Million | +2.26% |
| 1996-12-31 | $26.60 Million | +60.24% |
| 1995-12-31 | $16.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Artesian Resources Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1248.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $84.97 Million | 35.52% |
| Common Stock | $10.30 Million | 4.31% |
| Other Components | $143.92 Million | 60.17% |
| Total Equity | $239.19 Million | 100.00% |
Artesian Resources Corporation Competitors by Market Cap
The table below lists competitors of Artesian Resources Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sinolong New Materials Co., Ltd.
SHE:301565
|
$295.26 Million |
|
China Reform Culture Holdings Co Ltd
SHG:600636
|
$295.30 Million |
|
Shenzhen Sunyes Electronic Manufacturing Holding Co Ltd
SHE:002388
|
$295.35 Million |
|
Ibotta, Inc.
NYSE:IBTA
|
$295.36 Million |
|
Ningxia Younglight Chemicals Co Ltd
SHE:000635
|
$295.21 Million |
|
Nowtransit Inc
PINK:NOTR
|
$295.18 Million |
|
FastPartner AB Series D
ST:FPAR-D
|
$295.16 Million |
|
GMR Power and Urban Infra Limited
NSE:GMRP&UI
|
$295.15 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Artesian Resources Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 230,397,000 to 239,189,000, a change of 8,792,000 (3.8%).
- Net income of 20,394,000 contributed positively to equity growth.
- Dividend payments of 12,168,000 reduced retained earnings.
- New share issuances of 347,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $20.39 Million | +8.53% |
| Dividends Paid | $12.17 Million | -5.09% |
| Share Issuances | $347.00K | +0.15% |
| Other Changes | $219.00K | +0.09% |
| Total Change | $- | 3.82% |
Book Value vs Market Value Analysis
This analysis compares Artesian Resources Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.36x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 4.45x to 1.36x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-12-31 | $7.12 | $31.65 | x |
| 1996-12-31 | $7.84 | $31.65 | x |
| 1997-12-31 | $6.81 | $31.65 | x |
| 1998-12-31 | $6.95 | $31.65 | x |
| 1999-12-31 | $7.30 | $31.65 | x |
| 2000-12-31 | $7.20 | $31.65 | x |
| 2001-12-31 | $7.42 | $31.65 | x |
| 2002-12-31 | $9.46 | $31.65 | x |
| 2003-12-31 | $8.80 | $31.65 | x |
| 2004-12-31 | $8.99 | $31.65 | x |
| 2005-12-31 | $9.35 | $31.65 | x |
| 2006-12-31 | $9.91 | $31.65 | x |
| 2007-12-31 | $12.27 | $31.65 | x |
| 2008-12-31 | $11.82 | $31.65 | x |
| 2009-12-31 | $12.14 | $31.65 | x |
| 2010-12-31 | $12.49 | $31.65 | x |
| 2011-12-31 | $13.85 | $31.65 | x |
| 2012-12-31 | $13.56 | $31.65 | x |
| 2013-12-31 | $13.79 | $31.65 | x |
| 2014-12-31 | $14.07 | $31.65 | x |
| 2015-12-31 | $14.70 | $31.65 | x |
| 2016-12-31 | $15.18 | $31.65 | x |
| 2017-12-31 | $15.87 | $31.65 | x |
| 2018-12-31 | $16.49 | $31.65 | x |
| 2019-12-31 | $17.19 | $31.65 | x |
| 2020-12-31 | $18.08 | $31.65 | x |
| 2021-12-31 | $18.88 | $31.65 | x |
| 2022-12-31 | $19.82 | $31.65 | x |
| 2023-12-31 | $22.99 | $31.65 | x |
| 2024-12-31 | $23.23 | $31.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Artesian Resources Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.53%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.89%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 3.34x
- Recent ROE (8.53%) is above the historical average (8.29%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 7.23% | 5.31% | 0.23x | 5.83x | $-460.00K |
| 1996 | 6.39% | 8.13% | 0.21x | 3.75x | $-960.00K |
| 1997 | 7.35% | 8.97% | 0.21x | 3.97x | $-720.00K |
| 1998 | 9.51% | 10.59% | 0.21x | 4.20x | $-140.00K |
| 1999 | 9.15% | 11.19% | 0.20x | 4.04x | $-280.00K |
| 2000 | 7.40% | 8.90% | 0.19x | 4.36x | $-861.90K |
| 2001 | 9.59% | 10.38% | 0.20x | 4.72x | $-143.50K |
| 2002 | 8.13% | 12.04% | 0.19x | 3.57x | $-960.60K |
| 2003 | 7.43% | 10.79% | 0.17x | 4.11x | $-1.35 Million |
| 2004 | 8.01% | 11.12% | 0.17x | 4.14x | $-1.09 Million |
| 2005 | 8.71% | 11.12% | 0.19x | 4.22x | $-746.30K |
| 2006 | 9.82% | 12.50% | 0.18x | 4.36x | $-109.00K |
| 2007 | 7.36% | 11.92% | 0.18x | 3.46x | $-2.25 Million |
| 2008 | 7.31% | 11.42% | 0.16x | 3.97x | $-2.36 Million |
| 2009 | 7.96% | 11.92% | 0.17x | 3.94x | $-1.86 Million |
| 2010 | 8.01% | 11.74% | 0.17x | 3.90x | $-1.89 Million |
| 2011 | 5.97% | 10.37% | 0.17x | 3.35x | $-4.55 Million |
| 2012 | 8.33% | 13.95% | 0.18x | 3.31x | $-1.97 Million |
| 2013 | 6.81% | 12.02% | 0.17x | 3.31x | $-3.88 Million |
| 2014 | 7.57% | 13.12% | 0.17x | 3.36x | $-3.05 Million |
| 2015 | 8.54% | 14.68% | 0.18x | 3.26x | $-1.93 Million |
| 2016 | 9.32% | 16.38% | 0.18x | 3.24x | $-948.30K |
| 2017 | 9.54% | 17.00% | 0.17x | 3.37x | $-681.40K |
| 2018 | 9.32% | 17.76% | 0.15x | 3.46x | $-1.05 Million |
| 2019 | 9.31% | 17.85% | 0.15x | 3.50x | $-1.10 Million |
| 2020 | 9.93% | 19.08% | 0.15x | 3.50x | $-125.60K |
| 2021 | 9.45% | 18.52% | 0.15x | 3.51x | $-974.00K |
| 2022 | 9.58% | 18.20% | 0.14x | 3.83x | $-795.10K |
| 2023 | 7.25% | 16.89% | 0.13x | 3.33x | $-6.34 Million |
| 2024 | 8.53% | 18.89% | 0.14x | 3.34x | $-3.52 Million |
Industry Comparison
This section compares Artesian Resources Corporation's net assets metrics with peer companies in the Utilities - Regulated Water industry.
Industry Context
- Industry: Utilities - Regulated Water
- Average net assets among peers: $3,568,589,537
- Average return on equity (ROE) among peers: -41.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Artesian Resources Corporation (ARTNA) | $248.84 Million | 7.23% | 2.35x | $295.24 Million |
| American Energy Partners Inc (AEPT) | $2.39 Million | -209.56% | 6.60x | $150.58K |
| Aris Water Solutions Inc (ARIS) | $16.05 Million | -4.69% | 1.06x | $577.25 Million |
| SIIC Environment Holdings Ltd (AWAEF) | $15.29 Billion | 3.95% | 1.79x | $59.96 Million |
| American Water Works (AWK) | $364.50 Million | 12.87% | 2.79x | $26.06 Billion |
| Beijing Enterprises Water Group Limited (BJWTY) | $15.92 Billion | 6.81% | 1.77x | $3.33 Billion |
| Cadiz Inc (CDZI) | $18.97 Million | -121.40% | 1.43x | $284.80 Million |
| Clean Teq Water Ltd (CNQQF) | $3.98 Million | -76.35% | 2.11x | $9.48 Million |
| Consolidated Water Co Ltd (CWCO) | $107.34 Million | 7.01% | 0.29x | $468.34 Million |
| California Water Service Group (CWT) | $389.18 Million | 8.01% | 2.04x | $2.62 Billion |