California Water Service Group Balance Sheet Health
Financial Health criteria checks 3/6
California Water Service Group has a total shareholder equity of $1.6B and total debt of $1.3B, which brings its debt-to-equity ratio to 80.4%. Its total assets and total liabilities are $5.0B and $3.4B respectively. California Water Service Group's EBIT is $271.4M making its interest coverage ratio 4.7. It has cash and short-term investments of $59.6M.
Key information
80.4%
Debt to equity ratio
US$1.31b
Debt
| Interest coverage ratio | 4.7x |
| Cash | US$59.56m |
| Equity | US$1.63b |
| Total liabilities | US$3.38b |
| Total assets | US$5.01b |
Recent financial health updates
California Water Service Group (NYSE:CWT) Use Of Debt Could Be Considered Risky
Feb 24
Is California Water Service Group (NYSE:CWT) Using Too Much Debt?
Aug 03We Think California Water Service Group (NYSE:CWT) Is Taking Some Risk With Its Debt
Apr 17Recent updates
California Water Service Group: Poor Performance (Rating Downgrade)
Dec 18Is California Water Service Group (NYSE:CWT) Worth US$49.1 Based On Its Intrinsic Value?
Dec 06California Water Service Group (NYSE:CWT) Shareholders Will Want The ROCE Trajectory To Continue
Oct 26California Water Service Group: Buy It And Let It Drip
Sep 17California Water Service Group's (NYSE:CWT) Share Price Not Quite Adding Up
Aug 26California Water Service: Moderately Discounted Dividend King
Aug 13Results: California Water Service Group Exceeded Expectations And The Consensus Has Updated Its Estimates
Aug 04California Water Service Group (NYSE:CWT) Has Some Way To Go To Become A Multi-Bagger
Jul 11California Water Service: It's Not Too Late To Buy Now
May 15Shareholders Should Be Pleased With California Water Service Group's (NYSE:CWT) Price
Apr 23California Water Service: An Undervalued Water Utility To Buy Now
Mar 02California Water Service Group (NYSE:CWT) Will Want To Turn Around Its Return Trends
Feb 21California Water Service Group (NYSE:CWT) Not Flying Under The Radar
Jan 04California Water Service Group (NYSE:CWT) Is Reinvesting At Lower Rates Of Return
Nov 19California Water Service: A Recession-Resistant Dividend King For Your Portfolio
Nov 10California Water Service Group Just Missed Earnings - But Analysts Have Updated Their Models
Oct 29California Water Service: Revisiting After A 10% Drop
Aug 31Returns On Capital At California Water Service Group (NYSE:CWT) Paint A Concerning Picture
Aug 01California Water Service: This Dividend King Remains Fully Valued
Jun 07California Water Service Group's (NYSE:CWT) Dividend Will Be Increased To $0.26
Apr 30California Water Service Group (NYSE:CWT) Use Of Debt Could Be Considered Risky
Feb 24California Water Service receives approval for interim rate increases
Feb 16California Water Service and Promise to offer flexible payment plans
Feb 07California Water Service Group (NYSE:CWT) Is Increasing Its Dividend To $0.26
Jan 31California Water Service declares $0.26 dividend
Jan 25Time For A Review Of California Water Service - It Remains A 'Hold'
Dec 08California Water Service Q3 2022 Earnings Preview
Oct 26CWT Washington Water secures regulatory approval to acquire Stroh's Water
Oct 10Why You Can Consider Looking At California Water Service Group
Sep 26Is California Water Service Group (NYSE:CWT) Using Too Much Debt?
Aug 03California Water Service Q2 2022 Earnings Preview
Jul 27California Water Service: Still Richly Valued, Despite Its Correction
Jul 15CWT's Hawaii Water secures regulatory approval to acquire wastewater utility in Kauai
Jul 06We Think California Water Service Group (NYSE:CWT) Is Taking Some Risk With Its Debt
Apr 17California Water Service Group (NYSE:CWT) Has Announced That It Will Be Increasing Its Dividend To US$0.25
Jan 30Financial Position Analysis
Short Term Liabilities: CWT's short term assets ($363.0M) do not cover its short term liabilities ($570.7M).
Long Term Liabilities: CWT's short term assets ($363.0M) do not cover its long term liabilities ($2.8B).
Debt to Equity History and Analysis
Debt Level: CWT's net debt to equity ratio (76.7%) is considered high.
Reducing Debt: CWT's debt to equity ratio has reduced from 126.9% to 80.4% over the past 5 years.
Debt Coverage: CWT's debt is well covered by operating cash flow (22.7%).
Interest Coverage: CWT's interest payments on its debt are well covered by EBIT (4.7x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 01:56 |
| End of Day Share Price | 2024/12/26 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
California Water Service Group is covered by 12 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Davis Sunderland | Baird |
| Daniel Ford | Barclays |
| Ross Allen Fowler | BofA Global Research |