Company Information

  

Address: 664 CHURCHMANS RD  
City: NEWARK 
State: DE 
Zip Code: 19702 
Telephone: 302-453-6900 

Description of Business

Primary SIC Code: 4941
(As filed with the SEC)  

Artesian Resources Corporation or Artesian Resources, is a Delaware corporation incorporated in 1927, that operates as the holding company of nine wholly-owned subsidiaries offering water, wastewater and other services on the Delmarva Peninsula. The Company's principal executive offices are located at 664 Churchmans Road, Newark, Delaware 19702. Our principal subsidiary, Artesian Water Company, Inc., is the oldest and largest investor-owned public water utility on the Delmarva Peninsula, and has been providing superior water service since 1905. We distribute and sell water, including water for public and private fire protection, to residential, commercial, industrial, municipal and utility customers in the states of Delaware, Maryland and Pennsylvania. We provide wastewater services to customers in Delaware. In addition, we provide contract water and wastewater operations, and water, sewer and internal Service Line Protection Plans.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
03/20181.540.23923.69
12/20171.510.23525.54
09/20171.400.23527.00
06/20171.460.23225.78
03/20171.450.23222.46
12/20161.410.22822.65
09/20161.320.22821.62
06/20161.260.22526.92

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2017 Leverage 2017
Net Inc/Comm Equity0.13Total Liab/Total Assets0.70
Net Inc/Total Assets0.03Total Liab/Inv Cap0.76
Net Inc/Inv Cap0.03Total Liab/Comm Equity3.20
Pretax Inc/Net Sales0.26Interest Coverage Ratio4.44
Net Inc/Net Sales0.17Curr Debt/Equity0.07
Cash Flow/Net Sales0.44LTD/Equity0.77
SG&A/NetSales0.06Total Debt/Equity0.85
Asset Utilization   Liquidity  
Net Receivables Turnover7.47Quick Ratio0.61
Inventory Turnover26.63Current Ratio0.67
Inventory Day Sales0.07Net Rec/Curr Assets0.67
Net Sales/Work Cap-8.68Inv/Curr Assets0.08
Net Sales/PP&E0.18  

Income Statement (Millions)

  3/31/2018 12/31/2017 9/30/2017 6/30/2017
Total Revenues(Net Sales) 18.91 20.19 22.36 20.50
Cost of Goods Sold 9.75 10.41 10.81 10.25
Selling & Admin Exps 1.28 1.19 1.17 1.17
Operating Income 5.31 6.06 8.00 6.75
Interest Exp 4.64 1.56 1.53 1.52
Pretax Income 1.67 4.60 6.49 5.01
Other Income 1.01 0.10 0.02 -0.21
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 3.48 3.70 3.94 3.25

Balance Sheet (Millions)

Assets 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Cash & Short Term Investments 0.29 0.95 0.25 0.30
Receivables - Total 10.02 12.68 10.13 8.67
Inventories - Total 1.42 1.52 1.45 1.61
Total Current Assets 14.37 18.99 16.39 12.91
Net Property, Plant & Equipment 471.27 464.38 451.68 442.19
Total Assets 497.13 494.64 479.46 466.63
Liabilities        
Accounts Payable 4.77 13.55 10.64 7.53
Debt in Current Liabilities 19.12 10.95 7.64 31.53
Total Current Liabilities 30.30 28.46 23.23 44.21
Long-Term Debt 112.86 113.38 114.06 89.11
Total Liabilities 348.73 348.00 334.88 324.09
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock 0.00 0.00 0.00 0.00
Common Stock 9.23 9.22 9.19 9.18
Retained Earnings 39.21 37.90 36.36 34.55
Treasury Stock NA NA NA NA
Total Stockholders' Equity 148.39 146.64 144.58 142.54
Total Liabilities and Stockholders' Equity 497.13 494.64 479.46 466.63

Cash Flow Summary (Millions)

Categories 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Net Cash Provided by Operating Activities 5.87 10.19 9.76 5.72
Net Cash Provided by Investing Activities -9.87 -12.79 -11.09 -9.47
Net Cash Provided by Financing Activities 3.34 3.31 1.27 3.85

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/201369.078.300.94
12/201472.469.511.07
12/201577.0211.301.26
12/201679.0912.951.41
12/201782.2413.981.51
Growth Rates4.4613.9212.58

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional06/30/18943,58242.92




Report Date : 7/16/2018

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