Shares of Cadiz Rank the Highest in Terms of Debt to Asset Ratio in the Water Utilities Industry (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 its subscribers protect gains by selling shares of Aqua America on August 5th, 2016 by issuing a Downtrend alert when the shares were trading at $33.39. Since that call, shares of Aqua America have fallen 9.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: highest debt to asset ratio cadiz american water works aqua america york water