Cadiz is Among the Companies in the Water Utilities Industry With the Highest Debt to Asset Ratio (CDZI, AWK, WTR, SJW, YORW)
Below are the three companies in the Water Utilities industry with the highest debt to asset ratios. The Debt/Asset ratio shows the proportion of a company's assets that are financed through debt. If the ratio is greater than one, most of the company's assets are financed through debt.
Cadiz ranks highest with a a debt to asset ratio of 1.85. Following is American Water Works with a a debt to asset ratio of 0.37. Aqua America ranks third highest with a a debt to asset ratio of 0.31.
SJW follows with a a debt to asset ratio of 0.31, and York Water rounds out the top five with a a debt to asset ratio of 0.28.
SmarTrend recommended that subscribers consider buying shares of Cadiz on July 12th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $6.75. Since that recommendation, shares of Cadiz have risen 6.7%. We continue to monitor Cadiz for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: highest debt to asset ratio cadiz american water works aqua america york water