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, a Delaware Corporation incorporated in 1927, operates as the holding company of eight 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
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
03/20161.100.22525.42
12/20151.260.22221.98

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2016 Leverage 2016
Net Inc/Comm Equity0.12Total Liab/Total Assets0.69
Net Inc/Total Assets0.03Total Liab/Inv Cap0.74
Net Inc/Inv Cap0.03Total Liab/Comm Equity2.93
Pretax Inc/Net Sales0.27Interest Coverage Ratio4.20
Net Inc/Net Sales0.16Curr Debt/Equity0.06
Cash Flow/Net Sales0.38LTD/Equity0.79
SG&A/NetSales0.06Total Debt/Equity0.86
Asset Utilization   Liquidity  
Net Receivables Turnover8.48Quick Ratio0.68
Inventory Turnover23.35Current Ratio0.76
Inventory Day Sales0.07Net Rec/Curr Assets0.64
Net Sales/Work Cap-16.85Inv/Curr Assets0.11
Net Sales/PP&E0.18  

Income Statement (Millions)

  9/30/2017 6/30/2017 3/31/2017 12/31/2016
Total Revenues(Net Sales) 22.36 20.50 19.19 19.42
Cost of Goods Sold 10.81 10.25 9.59 9.73
Selling & Admin Exps 1.17 1.17 1.19 1.12
Operating Income 8.00 6.75 6.09 6.21
Interest Exp 1.53 1.52 1.56 1.65
Pretax Income 6.49 5.01 5.18 4.58
Other Income 0.02 -0.21 0.65 0.02
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 3.94 3.25 3.09 2.73

Balance Sheet (Millions)

Assets 9/30/2017 6/30/2017 3/31/2017 12/31/2016
Cash & Short Term Investments 0.25 0.30 0.21 0.23
Receivables - Total 10.13 8.67 7.90 9.35
Inventories - Total 1.45 1.61 1.61 1.56
Total Current Assets 16.39 12.91 12.18 14.64
Net Property, Plant & Equipment 451.68 442.19 434.65 429.38
Total Assets 479.46 466.63 458.49 450.98
Liabilities        
Accounts Payable 10.64 7.53 8.10 7.84
Debt in Current Liabilities 7.64 31.53 30.22 8.45
Total Current Liabilities 23.23 44.21 42.97 19.33
Long-Term Debt 114.06 89.11 89.46 110.50
Total Liabilities 334.88 324.09 318.01 311.95
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock 0.00 0.00 0.00 0.00
Common Stock 9.19 9.18 9.15 9.13
Retained Earnings 36.36 34.55 33.42 32.42
Treasury Stock NA NA NA NA
Total Stockholders' Equity 144.58 142.54 140.47 139.02
Total Liabilities and Stockholders' Equity 479.46 466.63 458.49 450.98

Cash Flow Summary (Millions)

Categories 9/30/2017 6/30/2017 3/31/2017 12/31/2016
Net Cash Provided by Operating Activities 9.76 5.72 10.11 7.85
Net Cash Provided by Investing Activities -11.09 -9.47 -7.66 -8.21
Net Cash Provided by Financing Activities 1.27 3.85 -2.48 0.34

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/201270.569.851.13
12/201369.078.300.94
12/201472.469.511.07
12/201577.0211.301.26
12/201679.0912.951.41
Growth Rates2.897.105.69

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/17893,70844.62




Report Date : 12/11/2017

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