Global Water Resources Balance Sheet Health
Financial Health criteria checks 2/6
Global Water Resources has a total shareholder equity of $48.8M and total debt of $124.4M, which brings its debt-to-equity ratio to 254.6%. Its total assets and total liabilities are $402.9M and $354.1M respectively. Global Water Resources's EBIT is $9.7M making its interest coverage ratio 2. It has cash and short-term investments of $18.1M.
Key information
254.6%
Debt to equity ratio
US$124.36m
Debt
| Interest coverage ratio | 2x |
| Cash | US$18.15m |
| Equity | US$48.84m |
| Total liabilities | US$354.08m |
| Total assets | US$402.92m |
Recent financial health updates
Recent updates
Global Water Resources (NASDAQ:GWRS) Is Paying Out A Dividend Of $0.0248
Feb 08
Global Water Resources (NASDAQ:GWRS) Has Announced A Dividend Of $0.0183
Jan 05Global Water Resources' (NASDAQ:GWRS) Upcoming Dividend Will Be Larger Than Last Year's
Dec 13Here's What To Make Of Global Water Resources' (NASDAQ:GWRS) Decelerating Rates Of Return
Dec 07Global Water Resources (NASDAQ:GWRS) Has Affirmed Its Dividend Of $0.0246
Nov 03Global Water Resources (NASDAQ:GWRS) Has Announced A Dividend Of $0.0246
Oct 04Global Water Resources declares $0.0246 dividend
Sep 30Global Water Resources declares $0.0246 dividend
Aug 31Global Water Resources Q2 2022 Earnings Preview
Aug 10Global Water Resources (NASDAQ:GWRS) Will Pay A Dividend Of $0.0246
Aug 04Global Water Resources announces public stock offering
Jul 27Global Water Resources declares $0.0246 dividend
Jun 30Global Water Resources (NASDAQ:GWRS) Has Re-Affirmed Its Dividend Of US$0.025
Jun 03Global Water Resources' (NASDAQ:GWRS) Dividend Will Be US$0.025
May 05Global Water Resources (NASDAQ:GWRS) Has Affirmed Its Dividend Of US$0.025
Mar 04Global Water Resources (NASDAQ:GWRS) Has Re-Affirmed Its Dividend Of US$0.025
Feb 03Financial Position Analysis
Short Term Liabilities: GWRS's short term assets ($28.1M) exceed its short term liabilities ($17.3M).
Long Term Liabilities: GWRS's short term assets ($28.1M) do not cover its long term liabilities ($336.8M).
Debt to Equity History and Analysis
Debt Level: GWRS's net debt to equity ratio (217.5%) is considered high.
Reducing Debt: GWRS's debt to equity ratio has reduced from 434% to 254.6% over the past 5 years.
Debt Coverage: GWRS's debt is not well covered by operating cash flow (14.9%).
Interest Coverage: GWRS's interest payments on its debt are not well covered by EBIT (2x coverage).