Essential Utilities Balance Sheet Health
Financial Health criteria checks 0/6
Essential Utilities has a total shareholder equity of $5.5B and total debt of $6.7B, which brings its debt-to-equity ratio to 121.9%. Its total assets and total liabilities are $15.8B and $10.3B respectively. Essential Utilities's EBIT is $665.1M making its interest coverage ratio 2.6. It has cash and short-term investments of $20.1M.
Key information
121.9%
Debt to equity ratio
US$6.73b
Debt
Interest coverage ratio | 2.6x |
Cash | US$20.15m |
Equity | US$5.52b |
Total liabilities | US$10.30b |
Total assets | US$15.82b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WTRG *'s short term assets ($509.8M) do not cover its short term liabilities ($803.3M).
Long Term Liabilities: WTRG *'s short term assets ($509.8M) do not cover its long term liabilities ($9.5B).
Debt to Equity History and Analysis
Debt Level: WTRG *'s net debt to equity ratio (121.6%) is considered high.
Reducing Debt: WTRG *'s debt to equity ratio has increased from 111.5% to 121.9% over the past 5 years.
Debt Coverage: WTRG *'s debt is not well covered by operating cash flow (10.3%).
Interest Coverage: WTRG *'s interest payments on its debt are not well covered by EBIT (2.6x coverage).