• Return to Headlines

Relatively High Debt to Asset Ratio Detected in Shares of Casella Waste in the Environmental & Facilities Services Industry (CWST, CVA, CLH, ECOL, WM)

By Shiri Gupta

Below are the three companies in the Environmental & Facilities Services 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.

Casella Waste ranks highest with a a debt to asset ratio of 78.46. Covanta Holding is next with a a debt to asset ratio of 56.81. Clean Harbors ranks third highest with a a debt to asset ratio of 44.50.

Us Ecology Inc follows with a a debt to asset ratio of 44.02, and Waste Management rounds out the top five with a a debt to asset ratio of 43.48.

SmarTrend recommended that subscribers consider buying shares of Clean Harbors on June 20th, 2019 as our technology indicated a new Uptrend was in progress when shares hit $70.10. Since that recommendation, shares of Clean Harbors have risen 8.3%. We continue to monitor Clean Harbors for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: highest debt to asset ratio casella waste covanta holding clean harbors us ecology inc Waste Management

Ticker(s): CWST CVA CLH ECOL WM