California Water Service Group

NYSE:CWT Stock Report

Market Cap: US$2.7b

California Water Service Group Balance Sheet Health

Financial Health criteria checks 1/6

California Water Service Group has a total shareholder equity of $1.4B and total debt of $1.2B, which brings its debt-to-equity ratio to 86%. Its total assets and total liabilities are $4.6B and $3.2B respectively. California Water Service Group's EBIT is $82.1M making its interest coverage ratio 1.6. It has cash and short-term investments of $39.6M.

Key information

86.0%

Debt to equity ratio

US$1.23b

Debt

Interest coverage ratio1.6x
CashUS$39.59m
EquityUS$1.43b
Total liabilitiesUS$3.17b
Total assetsUS$4.60b

Recent financial health updates

Recent updates

California Water Service: An Undervalued Water Utility To Buy Now

Mar 02

California Water Service Group (NYSE:CWT) Will Want To Turn Around Its Return Trends

Feb 21
California Water Service Group (NYSE:CWT) Will Want To Turn Around Its Return Trends

California Water Service Group (NYSE:CWT) Not Flying Under The Radar

Jan 04
California Water Service Group (NYSE:CWT) Not Flying Under The Radar

California Water Service Group (NYSE:CWT) Is Reinvesting At Lower Rates Of Return

Nov 19
California Water Service Group (NYSE:CWT) Is Reinvesting At Lower Rates Of Return

California Water Service: A Recession-Resistant Dividend King For Your Portfolio

Nov 10

California Water Service Group Just Missed Earnings - But Analysts Have Updated Their Models

Oct 29
California Water Service Group Just Missed Earnings - But Analysts Have Updated Their Models

California Water Service: Revisiting After A 10% Drop

Aug 31

Returns On Capital At California Water Service Group (NYSE:CWT) Paint A Concerning Picture

Aug 01
Returns On Capital At California Water Service Group (NYSE:CWT) Paint A Concerning Picture

California Water Service: This Dividend King Remains Fully Valued

Jun 07

California Water Service Group's (NYSE:CWT) Dividend Will Be Increased To $0.26

Apr 30
California Water Service Group's (NYSE:CWT) Dividend Will Be Increased To $0.26

California Water Service Group (NYSE:CWT) Use Of Debt Could Be Considered Risky

Feb 24
California Water Service Group (NYSE:CWT) Use Of Debt Could Be Considered Risky

California Water Service receives approval for interim rate increases

Feb 16

California Water Service and Promise to offer flexible payment plans

Feb 07

California Water Service Group (NYSE:CWT) Is Increasing Its Dividend To $0.26

Jan 31
California Water Service Group (NYSE:CWT) Is Increasing Its Dividend To $0.26

California Water Service declares $0.26 dividend

Jan 25

Time For A Review Of California Water Service - It Remains A 'Hold'

Dec 08

California Water Service Q3 2022 Earnings Preview

Oct 26

CWT Washington Water secures regulatory approval to acquire Stroh's Water

Oct 10

Why You Can Consider Looking At California Water Service Group

Sep 26

Is California Water Service Group (NYSE:CWT) Using Too Much Debt?

Aug 03
Is California Water Service Group (NYSE:CWT) Using Too Much Debt?

California Water Service Q2 2022 Earnings Preview

Jul 27

California Water Service: Still Richly Valued, Despite Its Correction

Jul 15

CWT's Hawaii Water secures regulatory approval to acquire wastewater utility in Kauai

Jul 06

We Think California Water Service Group (NYSE:CWT) Is Taking Some Risk With Its Debt

Apr 17
We Think California Water Service Group (NYSE:CWT) Is Taking Some Risk With Its Debt

California Water Service Group (NYSE:CWT) Has Announced That It Will Be Increasing Its Dividend To US$0.25

Jan 30
California Water Service Group (NYSE:CWT) Has Announced That It Will Be Increasing Its Dividend To US$0.25

California Water Service: Do Not Buy The Dip Yet

Jan 18

Is California Water Service Group (NYSE:CWT) A Risky Investment?

Jan 17
Is California Water Service Group (NYSE:CWT) A Risky Investment?

Here's Why I Think California Water Service Group (NYSE:CWT) Might Deserve Your Attention Today

Jan 02
Here's Why I Think California Water Service Group (NYSE:CWT) Might Deserve Your Attention Today

California Water Service Group's (NYSE:CWT) Promising Earnings May Rest On Soft Foundations

Nov 04
California Water Service Group's (NYSE:CWT) Promising Earnings May Rest On Soft Foundations

California Water Service: This Dividend King Remains Richly Valued

Sep 16

Is Now The Time To Put California Water Service Group (NYSE:CWT) On Your Watchlist?

Sep 08
Is Now The Time To Put California Water Service Group (NYSE:CWT) On Your Watchlist?

Is California Water Service Group (NYSE:CWT) A Risky Investment?

Jul 07
Is California Water Service Group (NYSE:CWT) A Risky Investment?

California Water Service Group subsidiary, Hawaii Water Service to acquire HOH Utilities Company

Jun 11

Here's Why I Think California Water Service Group (NYSE:CWT) Is An Interesting Stock

Jun 06
Here's Why I Think California Water Service Group (NYSE:CWT) Is An Interesting Stock

California Water Service Q1 2021 Earnings Preview

Apr 28

Here's Why California Water Service Group (NYSE:CWT) Has A Meaningful Debt Burden

Mar 26
Here's Why California Water Service Group (NYSE:CWT) Has A Meaningful Debt Burden

Did California Water Service Group (NYSE:CWT) Insiders Sell Shares?

Mar 13
Did California Water Service Group (NYSE:CWT) Insiders Sell Shares?

Does California Water Service Group (NYSE:CWT) Deserve A Spot On Your Watchlist?

Feb 28
Does California Water Service Group (NYSE:CWT) Deserve A Spot On Your Watchlist?

Is California Water Service Group (NYSE:CWT) A Smart Pick For Income Investors?

Feb 15
Is California Water Service Group (NYSE:CWT) A Smart Pick For Income Investors?

Financial Position Analysis

Short Term Liabilities: CWT's short term assets ($296.3M) do not cover its short term liabilities ($430.3M).

Long Term Liabilities: CWT's short term assets ($296.3M) do not cover its long term liabilities ($2.7B).


Debt to Equity History and Analysis

Debt Level: CWT's net debt to equity ratio (83.2%) is considered high.

Reducing Debt: CWT's debt to equity ratio has reduced from 119.7% to 86% over the past 5 years.

Debt Coverage: CWT's debt is not well covered by operating cash flow (17.7%).

Interest Coverage: CWT's interest payments on its debt are not well covered by EBIT (1.6x coverage).


Balance Sheet


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