Artesian Resources Corporation

ARTNB

ARTNBArtesian Resources Corporation US flag

Other OTC

33.51

USD

- -

345.60MMarket Cap

Income Statement (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	65	71	69	72	77	79	82	80	84	88	91	99	99	108	113
+ Sales & Services Revenue	65	71	69	72	77	79	82	80	84	88	91	99	99	108	113
- Cost of Revenue	35	36	37	37	38	38	41	41	43	44	45	51	51	55	57
+ Cost of Goods & Services	35	36	37	37	38	38	41	41	43	44	45	51	51	55	57
Gross Profit	30	34	32	35	39	41	41	39	41	45	46	48	48	53	56
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	11	12	12	13	13	14	14	15	16	17	17	18	19	20	20
+ Selling, General & Admin	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	11	12	12	13	13	14	14	15	16	17	17	18	19	20	20
Operating Income (Loss)	18	22	20	22	25	27	27	24	25	28	28	30	29	33	36
- Non-Operating (Income) Loss	7	6	6	7	6	6	6	5	5	5	5	6	6	6	5
+ Interest Expense, Net	7	7	7	7	7	7	6	6	7	8	8	9	9	9	9
+ Interest Expense	7	7	7	7	7	7	6	6	7	8	8	9	9	9	9
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	- -	-1	-1	-1	-1	-1	-1	-2	-2	-2	-2	-3	-3	-3	-4
Pretax Income	11	16	14	16	19	21	21	19	20	23	23	24	23	28	31
- Income Tax Expense (Benefit)	5	7	6	6	8	8	7	5	5	6	6	6	6	7	8
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	7	10	8	10	11	13	14	14	15	17	17	18	17	20	23
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	7	10	8	10	11	13	14	14	15	17	17	18	17	20	23
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	7	10	8	10	11	13	14	14	15	17	17	18	17	20	23
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	7	10	8	10	11	13	14	14	15	17	17	18	17	20	23
EBIT	18	22	20	22	25	27	27	24	25	28	28	30	29	33	36
EBITDA	26	30	28	31	34	36	36	34	36	39	40	42	42	47	49
EBITDA Margin (%)	39.65	43.08	41	42.91	44.41	45.95	44.32	42.57	42.96	44.39	43.93	42.88	42.61	43.63	43.76
EBITA	18	22	20	22	25	27	27	24	25	28	28	30	29	33	36
Gross Margin (%)	45.52	48.67	46.97	48.82	50.08	51.62	50.08	48.75	49.15	50.52	50.08	48.81	48.78	49.48	49.42
Operating Margin (%)	28.26	31.85	29.06	30.94	32.93	34.33	32.71	29.78	30.03	31.74	30.85	30.12	29.13	31	31.53
Profit Margin (%)	10.37	13.95	12.02	13.12	14.68	16.38	17	17.76	17.85	19.08	18.52	18.2	16.89	18.89	20.21
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.76	0.79	0.82	0.85	0.87	0.9	0.93	0.95	0.98	1.01	1.05	1.09	1.12	1.18	1.23
Depreciation Expense	7	8	8	9	9	9	10	10	11	11	12	13	13	14	14
Basic Weighted Avg Shares	8	9	9	9	9	9	9	9	9	9	9	9	10	10	10
Basic EPS, GAAP	0.83	1.14	0.95	1.07	1.26	1.42	1.52	1.55	1.61	1.8	1.79	1.9	1.67	1.98	2.21
Basic EPS from Cont Ops	0.83	1.14	0.95	1.07	1.26	1.42	1.52	1.55	1.61	1.8	1.79	1.9	1.67	1.98	2.21
Diluted Weighted Avg Shares	8	9	9	9	9	9	9	9	9	9	9	9	10	10	10
Diluted EPS, GAAP	0.83	1.13	0.94	1.06	1.26	1.41	1.51	1.54	1.6	1.79	1.79	1.9	1.67	1.98	2.21
Diluted EPS from Cont Ops	0.83	1.13	0.94	1.06	1.26	1.41	1.51	1.54	1.6	1.79	1.79	1.9	1.67	1.98	2.21

Balance Sheet (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	13	13	13	17	14	15	19	16	14	18	19	28	31	25	21
+ Cash, Cash Equivalents & STI	- -	1	- -	- -	- -	- -	1	- -	1	- -	- -	1	3	1	- -
+ Cash & Cash Equivalents	- -	1	- -	- -	- -	- -	1	- -	1	- -	- -	1	3	1	- -
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	9	9	9	11	9	9	13	10	8	12	12	17	17	14	12
+ Accounts Receivable, Net	3	4	4	4	5	5	5	6	6	7	7	6	8	8	5
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	5	5	5	7	4	4	7	5	3	5	4	10	9	6	7
+ Inventories	1	1	1	2	2	2	2	1	1	2	2	5	6	4	4
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	1	1	1	2	2	2	2	1	1	2	2	5	6	4	4
+ Other ST Assets	3	3	3	3	3	3	4	4	4	4	5	5	6	5	5
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	365	378	391	406	417	436	476	514	546	576	606	692	736	774	830
+ Property, Plant & Equip, Net	358	371	383	398	410	429	464	503	535	564	595	672	718	751	806
+ Property, Plant & Equip	435	454	473	496	515	540	582	629	536	712	755	846	905	945	1,009
- Accumulated Depreciation	77	84	90	98	105	110	118	127	1	148	160	174	186	193	203
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	8	8	7	8	8	7	11	11	11	12	11	20	18	23	24
+ Total Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2	2	2	2
+ Goodwill	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2	2	2	2
+ Other Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	8	8	7	8	8	7	11	11	11	12	11	18	16	21	22
Total Assets	379	392	404	422	432	451	495	530	560	593	625	720	767	799	851
+ Payables & Accruals	6	8	9	7	7	8	14	13	12	11	15	16	15	18	20
+ Accounts Payable	3	3	4	4	5	6	9	8	8	6	10	11	10	11	14
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	3	4	5	3	2	2	5	5	4	4	5	5	6	6	6
+ ST Debt	14	13	12	20	12	8	11	18	9	29	28	22	2	2	8
+ ST Borrowings	14	13	12	20	12	8	11	18	9	29	28	22	2	2	8
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	5	4	4	4	3	3	4	7	4	4	4	6	5	5	6
+ Deferred Revenue	1	1	1	1	1	1	1	2	2	2	2	2	3	3	3
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	1	1	1	1	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	3	3	3	2	1	2	3	5	2	2	1	3	2	2	2
Total Current Liabilities	25	25	26	30	22	19	28	38	26	44	47	44	22	26	34
+ LT Debt	107	106	106	105	104	102	106	116	145	143	144	176	179	177	175
+ LT Borrowings	107	106	106	105	104	102	106	116	144	142	143	176	178	177	174
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	- -	- -
+ Other LT Liabilities	135	142	151	161	173	190	214	223	230	237	256	312	335	357	393
+ Accrued Liabilities	57	60	62	68	72	77	62	62	58	55	58	59	62	54	56
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	77	82	89	93	101	113	151	161	172	182	198	253	274	303	337
Total Noncurrent Liabilities	241	249	256	266	277	293	320	339	375	380	399	488	514	534	568
Total Liabilities	266	274	282	297	299	312	348	377	400	424	447	532	536	559	601
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	95	97	100	101	105	107	109	110	111	113	114	117	154	154	155
+ Common Stock	9	9	9	9	9	9	9	9	9	9	9	10	10	10	10
+ Additional Paid in Capital	86	88	91	93	96	97	100	101	102	103	105	107	143	144	144
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	18	21	22	24	28	32	38	43	49	57	64	71	77	85	95
+ Other Equity	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Equity Before Minority Interest	113	118	122	126	132	139	147	153	160	169	178	188	230	239	250
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	113	118	122	126	132	139	147	153	160	169	178	188	230	239	250
Total Liabilities & Equity	379	392	404	422	432	451	495	530	560	593	625	720	767	799	851
Shares Outstanding	9	9	9	9	9	9	9	9	9	9	9	10	10	10	10
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	- -	- -
Net Debt	120	118	117	125	116	111	116	133	153	171	171	197	178	178	182
Net Debt to Equity	106.24	100.03	96.28	99.19	87.48	79.54	79.03	87.02	95.33	100.92	96.34	104.58	77.28	74.23	72.89
Tangible Common Equity Ratio	29.84	30.17	30.17	29.75	30.66	30.83	29.65	28.92	28.6	28.56	28.49	25.91	29.87	29.78	29.2
Current Ratio	0.54	0.54	0.52	0.55	0.64	0.76	0.67	0.43	0.55	0.4	0.4	0.63	1.37	0.96	0.64
Cash Conversion Cycle	6.21	1.6	-2.94	-2.01	-2.96	-10.27	-26.07	-37.26	-34.53	-23.23	-23.89	-22.9	-7.57	-10.77	-33.84

Cash Flow Statement (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	7	10	8	10	11	13	14	14	15	17	17	18	17	20	23
+ Depreciation & Amortization	7	8	8	9	9	9	10	10	11	11	12	13	13	14	14
+ Non-Cash Items	4	4	4	7	5	5	8	1	-4	-3	3	2	3	- -	- -
+ Stock-Based Compensation	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Income Taxes	4	4	4	7	5	5	8	1	-3	-2	3	2	3	1	1
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	- -	- -	- -	- -	- -	- -	- -	- -	-1	-1	- -	- -	-1	-1	-1
+ Chg in Non-Cash Work Cap	1	2	1	-7	3	2	4	4	-3	-5	- -	-8	-1	3	3
+ (Inc) Dec in Accts Receiv	- -	- -	- -	-3	3	1	-2	1	1	-3	-1	-3	- -	1	5
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-3	-1	2	1
+ (Inc) Dec in Prepaid Assets	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	-1	- -	-1	- -	- -
+ Inc (Dec) in Accts Payable	- -	2	1	-2	- -	1	6	-1	- -	-2	3	-4	2	- -	1
+ Inc (Dec) in Other	- -	- -	- -	-1	- -	1	1	3	-4	- -	-1	2	-2	- -	-3
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	19	23	21	18	28	30	36	29	19	20	31	24	32	37	40
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	17	2	2	2	3	2	2	1	1	2	1	2	37	- -	- -
+ Increase in Capital Stock	17	2	2	2	3	2	2	1	1	2	1	2	37	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	- -	- -	- -	- -	- -	- -	- -	- -	- -	-6	- -	-6	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	- -	- -	- -	- -	-6	- -	-6	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-16	-21	-21	-24	-21	-28	-41	-49	-41	-34	-41	-48	-62	-45	-59
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-16	-21	-21	-24	-21	-28	-41	-49	-41	-40	-41	-55	-62	-45	-59
+ Dividends Paid	-6	-7	-7	-8	-8	-8	-8	-9	-9	-9	-10	-10	-11	-12	-13
+ Net Cash From Debt	-33	-3	-1	16	-17	-9	4	23	11	18	13	-17	-13	-1	1
+ Cash From Debt	3	1	- -	17	- -	-1	5	25	30	19	26	66	12	1	8
+ Repayments of Debt	-37	-4	-2	-1	-17	-8	-1	-1	-19	-2	-13	-84	-26	-2	-7
+ Other Financing Activities	19	5	6	-5	14	13	9	4	19	9	5	57	19	20	28
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-3	-3	- -	5	-8	-2	6	19	22	19	9	32	31	7	17
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	- -	- -	- -	- -	- -	- -	1	-1	- -	-1	- -	1	1	-1	-1
EBITDA	26	30	28	31	34	36	36	34	36	39	40	42	42	47	49
EBITDA Margin (%)	39.65	43.08	41	42.91	44.41	45.95	44.32	42.57	42.96	44.39	43.93	42.88	42.61	43.63	43.76
Free Cash Flow	19	23	21	18	28	30	36	29	19	20	31	24	32	37	40
Net Cash Paid for Acquisitions	- -	- -	- -	- -	- -	- -	- -	- -	- -	6	- -	6	- -	- -	- -
Free Cash Flow to Firm	24	28	25	23	33	34	40	34	24	26	37	31	38	43	47
Free Cash Flow to Equity	-14	20	20	34	11	21	40	52	30	38	44	7	19	35	42
Free Cash Flow per Basic Share	2.37	2.7	2.4	2.08	3.17	3.27	3.9	3.15	2.03	2.18	3.33	2.56	3.18	3.58	3.91
Price/Free Cash Flow	5.32	5.62	6.58	8.14	5.95	7.69	8.02	9.39	15.96	15.3	12.58	19.55	12.17	8.68	8.56
Cash Flow to Net Income	2.85	2.37	2.53	1.94	2.51	2.3	2.56	2.04	1.26	1.21	1.86	1.35	1.91	1.81	1.77
Capital Expenditures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -