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 ratio | 1.6x |
Cash | US$39.59m |
Equity | US$1.43b |
Total liabilities | US$3.17b |
Total assets | US$4.60b |
Recent financial health updates
California Water Service Group (NYSE:CWT) Use Of Debt Could Be Considered Risky
Feb 24Is 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 17Is California Water Service Group (NYSE:CWT) A Risky Investment?
Jan 17Is California Water Service Group (NYSE:CWT) A Risky Investment?
Jul 07Here's Why California Water Service Group (NYSE:CWT) Has A Meaningful Debt Burden
Mar 26Recent updates
California 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 30California Water Service: Do Not Buy The Dip Yet
Jan 18Is California Water Service Group (NYSE:CWT) A Risky Investment?
Jan 17Here's Why I Think California Water Service Group (NYSE:CWT) Might Deserve Your Attention Today
Jan 02California Water Service Group's (NYSE:CWT) Promising Earnings May Rest On Soft Foundations
Nov 04California Water Service: This Dividend King Remains Richly Valued
Sep 16Is Now The Time To Put California Water Service Group (NYSE:CWT) On Your Watchlist?
Sep 08Is California Water Service Group (NYSE:CWT) A Risky Investment?
Jul 07California Water Service Group subsidiary, Hawaii Water Service to acquire HOH Utilities Company
Jun 11Here's Why I Think California Water Service Group (NYSE:CWT) Is An Interesting Stock
Jun 06California Water Service Q1 2021 Earnings Preview
Apr 28Here's Why California Water Service Group (NYSE:CWT) Has A Meaningful Debt Burden
Mar 26Did California Water Service Group (NYSE:CWT) Insiders Sell Shares?
Mar 13Does California Water Service Group (NYSE:CWT) Deserve A Spot On Your Watchlist?
Feb 28Is California Water Service Group (NYSE:CWT) A Smart Pick For Income Investors?
Feb 15Financial 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).