Artesian Resources Corporation (ARTNA) - Net Assets
Based on the latest financial reports, Artesian Resources Corporation (ARTNA) has net assets worth $249.92 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($851.23 Million) and total liabilities ($601.31 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. Check Artesian Resources Corporation asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $249.92 Million |
| % of Total Assets | 29.36% |
| Annual Growth Rate | 9.46% |
| 5-Year Change | 40.4% |
| 10-Year Change | 79.77% |
| Growth Volatility | 13.93 |
Artesian Resources Corporation - Net Assets Trend (1995–2025)
This chart illustrates how Artesian Resources Corporation's net assets have evolved over time, based on quarterly financial data. Also explore ARTNA total asset value for the complete picture of this company's asset base.
Annual Net Assets for Artesian Resources Corporation (1995–2025)
The table below shows the annual net assets of Artesian Resources Corporation from 1995 to 2025. For live valuation and market cap data, see market value of Artesian Resources Corporation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $249.92 Million | +4.49% |
| 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 1409.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $95.11 Million | 38.06% |
| Common Stock | $10.32 Million | 4.13% |
| Other Components | $144.49 Million | 57.81% |
| Total Equity | $249.92 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 |
|---|---|
|
Addcn Technology Co Ltd
TWO:5287
|
$293.57 Million |
|
Suzhou QingYue Optoelectronics Technology Co. Ltd. A
SHG:688496
|
$293.69 Million |
|
Ioneer Ltd
AU:INR
|
$293.69 Million |
|
Sto SE & Co. KGaA
F:STO3
|
$293.75 Million |
|
Evgo Inc
NASDAQ:EVGO
|
$293.35 Million |
|
Tredegar Corporation
NYSE:TG
|
$293.30 Million |
|
Hypothekarbank Lenzburg AG
SW:HBLN
|
$293.12 Million |
|
Patel Engineering Limited
NSE:PATELENG
|
$293.12 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 2024 to 2025, total equity changed from 239,189,000 to 249,922,000, a change of 10,733,000 (4.5%).
- Net income of 22,822,000 contributed positively to equity growth.
- Dividend payments of 12,677,000 reduced retained earnings.
- New share issuances of 342,000 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $22.82 Million | +9.13% |
| Dividends Paid | $12.68 Million | -5.07% |
| Share Issuances | $342.00K | +0.14% |
| Other Changes | $246.00K | +0.1% |
| Total Change | $- | 4.49% |
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: 1.29x
- 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 4.38x to 1.29x 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 | $31.20 | x |
| 1996-12-31 | $7.84 | $31.20 | x |
| 1997-12-31 | $6.81 | $31.20 | x |
| 1998-12-31 | $6.95 | $31.20 | x |
| 1999-12-31 | $7.30 | $31.20 | x |
| 2000-12-31 | $7.20 | $31.20 | x |
| 2001-12-31 | $7.42 | $31.20 | x |
| 2002-12-31 | $9.46 | $31.20 | x |
| 2003-12-31 | $8.80 | $31.20 | x |
| 2004-12-31 | $8.99 | $31.20 | x |
| 2005-12-31 | $9.35 | $31.20 | x |
| 2006-12-31 | $9.91 | $31.20 | x |
| 2007-12-31 | $12.27 | $31.20 | x |
| 2008-12-31 | $11.82 | $31.20 | x |
| 2009-12-31 | $12.14 | $31.20 | x |
| 2010-12-31 | $12.49 | $31.20 | x |
| 2011-12-31 | $13.85 | $31.20 | x |
| 2012-12-31 | $13.56 | $31.20 | x |
| 2013-12-31 | $13.79 | $31.20 | x |
| 2014-12-31 | $14.07 | $31.20 | x |
| 2015-12-31 | $14.70 | $31.20 | x |
| 2016-12-31 | $15.18 | $31.20 | x |
| 2017-12-31 | $15.87 | $31.20 | x |
| 2018-12-31 | $16.49 | $31.20 | x |
| 2019-12-31 | $17.19 | $31.20 | x |
| 2020-12-31 | $18.08 | $31.20 | x |
| 2021-12-31 | $18.88 | $31.20 | x |
| 2022-12-31 | $19.82 | $31.20 | x |
| 2023-12-31 | $22.99 | $31.20 | x |
| 2024-12-31 | $23.23 | $31.20 | x |
| 2025-12-31 | $24.24 | $31.20 | 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): 9.13%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 20.21%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 3.41x
- Recent ROE (9.13%) is above the historical average (8.32%), 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 |
| 2025 | 9.13% | 20.21% | 0.13x | 3.41x | $-2.17 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: $905,229,595
- Average return on equity (ROE) among peers: 7.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Artesian Resources Corporation (ARTNA) | $249.92 Million | 7.23% | 2.41x | $293.48 Million |
| Aris Water Solutions Inc (ARIS) | $687.89 Million | 2.75% | 0.95x | $585.02 Million |
| American Water Works (AWK) | $5.22 Billion | 8.97% | 2.54x | $24.86 Billion |
| American States Water Company (AWR) | $685.95 Million | 13.75% | 1.77x | $2.71 Billion |
| Cadiz Inc (CDZI) | $-78.70 Million | 0.00% | 0.00x | $363.19 Million |
| Consolidated Water Co Ltd (CWCO) | $130.28 Million | 4.69% | 0.23x | $511.87 Million |
| California Water Service Group (CWT) | $420.63 Million | 9.64% | 2.63x | $2.52 Billion |
| Global Water Resources Inc (GWRS) | $24.67 Million | 9.01% | 9.79x | $204.41 Million |
| H2O America (HTO) | $917.16 Million | 6.71% | 2.61x | $1.74 Billion |
| Middlesex Water Company (MSEX) | $141.18 Million | 8.65% | 2.12x | $933.95 Million |
About 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; and offers wastewater collection, treatment infrastructure, and wastewater services to customers. It … Read more