California Long Term Debt vs Long Term Debt Total Analysis

CWT Stock

USD 53.30 0.05 0.09%

California Water financial indicator trend analysis is way more than just evaluating California Water Service prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether California Water Service is a good investment. Please check the relationship between California Water Long Term Debt and its Long Term Debt Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in California Water Service. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in housing.

Long Term Debt vs Long Term Debt Total

Long Term Debt vs Long Term Debt Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of California Water Service Long Term Debt account and Long Term Debt Total. At this time, the significance of the direction appears to have very strong relationship.

The correlation between California Water's Long Term Debt and Long Term Debt Total is 0.86. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Long Term Debt Total in the same time period over historical financial statements of California Water Service, assuming nothing else is changed. The correlation between historical values of California Water's Long Term Debt and Long Term Debt Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of California Water Service are associated (or correlated) with its Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt Total has no effect on the direction of Long Term Debt i.e., California Water's Long Term Debt and Long Term Debt Total go up and down completely randomly.

Correlation Coefficient

0.86

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Long Term Debt

Long-term debt is a debt that California Water Service has held for over one year. Long-term debt appears on California Water Service balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on California Water Service balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Long Term Debt Total

Most indicators from California Water's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into California Water Service current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in California Water Service. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in housing.

At this time, California Water's Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 23.35 in 2024, whereas Selling General Administrative is likely to drop slightly above 24.7 K in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	483.8M	529.5M	240.5M	282.0M
Total Revenue	790.9M	846.4M	794.6M	412.7M

Gross Profit Total Revenue

California Water fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock
Common Stock Shares Outstanding		0.63	0.62	0.44	0.49	0.6	0.6	-0.03	0.62	0.86	0.61	0.46	0.62	0.31	0.46	0.57	-0.82	0.65	0.44	0.53	0.46	0.63	0.54	0.65	0.3	-0.82
Total Assets	0.63		0.97	0.85	0.74	0.98	1.0	-0.38	0.96	0.75	0.98	0.81	1.0	0.76	0.81	0.99	-0.56	0.99	0.94	0.35	0.0	0.99	0.96	0.95	0.45	-0.56
Short Long Term Debt Total	0.62	0.97		0.92	0.81	0.93	0.97	-0.52	1.0	0.8	0.98	0.81	0.97	0.81	0.81	0.93	-0.53	0.95	0.86	0.48	-0.09	0.97	0.91	0.96	0.56	-0.53
Other Current Liab	0.44	0.85	0.92		0.81	0.82	0.85	-0.68	0.91	0.75	0.91	0.83	0.84	0.76	0.83	0.81	-0.25	0.79	0.76	0.49	-0.23	0.84	0.82	0.9	0.6	-0.25
Total Current Liabilities	0.49	0.74	0.81	0.81		0.62	0.72	-0.3	0.8	0.59	0.75	0.73	0.73	0.63	0.73	0.68	-0.49	0.69	0.58	0.47	0.02	0.78	0.56	0.76	0.93	-0.49
Total Stockholder Equity	0.6	0.98	0.93	0.82	0.62		0.98	-0.4	0.92	0.75	0.97	0.78	0.97	0.72	0.78	0.98	-0.47	0.96	0.96	0.37	-0.04	0.95	0.99	0.94	0.29	-0.47
Property Plant And Equipment Net	0.6	1.0	0.97	0.85	0.72	0.98		-0.42	0.96	0.74	0.98	0.81	1.0	0.77	0.81	0.99	-0.52	0.99	0.95	0.34	-0.03	0.99	0.96	0.94	0.43	-0.52
Current Deferred Revenue	-0.03	-0.38	-0.52	-0.68	-0.3	-0.4	-0.42		-0.53	-0.48	-0.51	-0.27	-0.38	-0.6	-0.27	-0.35	-0.28	-0.33	-0.35	-0.29	0.57	-0.36	-0.44	-0.39	-0.21	-0.28
Net Debt	0.62	0.96	1.0	0.91	0.8	0.92	0.96	-0.53		0.81	0.98	0.78	0.96	0.81	0.78	0.93	-0.54	0.95	0.86	0.5	-0.11	0.97	0.9	0.95	0.55	-0.53
Retained Earnings	0.86	0.75	0.8	0.75	0.59	0.75	0.74	-0.48	0.81		0.8	0.6	0.74	0.56	0.6	0.68	-0.54	0.73	0.59	0.65	0.07	0.73	0.73	0.81	0.36	-0.54
Accounts Payable	0.61	0.98	0.98	0.91	0.75	0.97	0.98	-0.51	0.98	0.8		0.81	0.98	0.8	0.81	0.96	-0.48	0.95	0.9	0.46	-0.09	0.97	0.95	0.97	0.47	-0.48
Cash	0.46	0.81	0.81	0.83	0.73	0.78	0.81	-0.27	0.78	0.6	0.81		0.81	0.57	1.0	0.81	-0.42	0.79	0.74	0.23	0.08	0.82	0.79	0.87	0.5	-0.42
Non Current Assets Total	0.62	1.0	0.97	0.84	0.73	0.97	1.0	-0.38	0.96	0.74	0.98	0.81		0.77	0.81	0.99	-0.56	0.99	0.94	0.34	0.0	0.99	0.95	0.94	0.45	-0.56
Non Currrent Assets Other	0.31	0.76	0.81	0.76	0.63	0.72	0.77	-0.6	0.81	0.56	0.8	0.57	0.77		0.57	0.76	-0.22	0.75	0.71	0.33	-0.51	0.77	0.72	0.71	0.45	-0.22
Cash And Short Term Investments	0.46	0.81	0.81	0.83	0.73	0.78	0.81	-0.27	0.78	0.6	0.81	1.0	0.81	0.57		0.81	-0.42	0.79	0.74	0.23	0.08	0.82	0.79	0.87	0.5	-0.42
Net Receivables	0.57	0.99	0.93	0.81	0.68	0.98	0.99	-0.35	0.93	0.68	0.96	0.81	0.99	0.76	0.81		-0.51	0.98	0.97	0.28	-0.03	0.97	0.97	0.93	0.37	-0.51
Common Stock Total Equity	-0.82	-0.56	-0.53	-0.25	-0.49	-0.47	-0.52	-0.28	-0.54	-0.54	-0.48	-0.42	-0.56	-0.22	-0.42	-0.51		-0.62	-0.36	-0.4	-0.55	-0.59	-0.4	-0.55	-0.35	1.0
Non Current Liabilities Total	0.65	0.99	0.95	0.79	0.69	0.96	0.99	-0.33	0.95	0.73	0.95	0.79	0.99	0.75	0.79	0.98	-0.62		0.93	0.31	0.05	0.99	0.94	0.92	0.41	-0.61
Inventory	0.44	0.94	0.86	0.76	0.58	0.96	0.95	-0.35	0.86	0.59	0.9	0.74	0.94	0.71	0.74	0.97	-0.36	0.93		0.14	-0.12	0.92	0.96	0.85	0.28	-0.36
Other Current Assets	0.53	0.35	0.48	0.49	0.47	0.37	0.34	-0.29	0.5	0.65	0.46	0.23	0.34	0.33	0.23	0.28	-0.4	0.31	0.14		-0.04	0.34	0.31	0.55	0.38	-0.4
Other Stockholder Equity	0.46	0.0	-0.09	-0.23	0.02	-0.04	-0.03	0.57	-0.11	0.07	-0.09	0.08	0.0	-0.51	0.08	-0.03	-0.55	0.05	-0.12	-0.04		0.02	-0.1	-0.01	0.01	-0.55
Total Liab	0.63	0.99	0.97	0.84	0.78	0.95	0.99	-0.36	0.97	0.73	0.97	0.82	0.99	0.77	0.82	0.97	-0.59	0.99	0.92	0.34	0.02		0.92	0.93	0.52	-0.59
Property Plant And Equipment Gross	0.54	0.96	0.91	0.82	0.56	0.99	0.96	-0.44	0.9	0.73	0.95	0.79	0.95	0.72	0.79	0.97	-0.4	0.94	0.96	0.31	-0.1	0.92		0.93	0.23	-0.4
Total Current Assets	0.65	0.95	0.96	0.9	0.76	0.94	0.94	-0.39	0.95	0.81	0.97	0.87	0.94	0.71	0.87	0.93	-0.55	0.92	0.85	0.55	-0.01	0.93	0.93		0.48	-0.54
Short Term Debt	0.3	0.45	0.56	0.6	0.93	0.29	0.43	-0.21	0.55	0.36	0.47	0.5	0.45	0.45	0.5	0.37	-0.35	0.41	0.28	0.38	0.01	0.52	0.23	0.48		-0.35
Common Stock	-0.82	-0.56	-0.53	-0.25	-0.49	-0.47	-0.52	-0.28	-0.53	-0.54	-0.48	-0.42	-0.56	-0.22	-0.42	-0.51	1.0	-0.61	-0.36	-0.4	-0.55	-0.59	-0.4	-0.54	-0.35

Click cells to compare fundamentals

California Water Account Relationship Matchups

California Water fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	48.2M	49.3M	51.6M	54.4M	57.0M	39.2M
Total Assets	3.1B	3.4B	3.6B	3.9B	4.7B	4.9B
Short Long Term Debt Total	983.7M	1.2B	1.1B	1.1B	1.2B	1.3B
Other Current Liab	51.3M	79.7M	68.1M	72.2M	74.9M	78.7M
Total Current Liabilities	358.7M	588.7M	256.6M	294.7M	430.3M	451.9M
Total Stockholder Equity	779.9M	921.3M	1.2B	1.3B	1.4B	1.5B
Property Plant And Equipment Net	2.4B	2.7B	2.8B	3.1B	3.8B	4.0B
Current Deferred Revenue	2.0M	2.2M	3.9M	8.1M	13.5M	23.4M
Net Debt	941.1M	1.1B	1.0B	1.1B	1.2B	1.2B
Retained Earnings	417.1M	472.2M	525.9M	556.7M	549.6M	275.3M
Accounts Payable	108.5M	131.7M	144.4M	141.0M	160.3M	168.3M
Cash	42.7M	44.6M	78.4M	62.1M	85.0M	89.2M
Non Current Assets Total	2.9B	3.1B	3.3B	3.6B	4.4B	4.6B
Non Currrent Assets Other	517.6M	445.8M	439.1M	129.3M	475.6M	499.3M
Cash And Short Term Investments	42.7M	44.6M	78.4M	62.1M	85.0M	89.2M
Net Receivables	96.1M	116.4M	134.0M	131.1M	177.0M	185.9M
Common Stock Total Equity	485K	503K	537K	556K	500.4K	475.4K
Liabilities And Stockholders Equity	3.1B	3.4B	3.6B	3.9B	4.7B	4.9B
Non Current Liabilities Total	2.0B	1.9B	2.2B	2.2B	2.8B	3.0B
Inventory	7.7M	8.8M	9.5M	12.6M	16.2M	17.0M
Other Current Assets	38.2M	96.2M	78.6M	66.8M	18.1M	25.2M
Other Stockholder Equity	362.3M	448.6M	651.1M	760.3M	876.6M	609.2M
Total Liab	2.3B	2.5B	2.4B	2.5B	3.3B	3.4B
Property Plant And Equipment Gross	2.4B	2.6B	4.2B	4.5B	4.9B	5.1B
Total Current Assets	184.7M	266.0M	300.5M	295.5M	296.3M	311.1M
Short Term Debt	197.0M	375.1M	40.2M	73.3M	181.6M	190.7M
Common Stock	485K	503K	537K	556K	577K	548.2K
Other Liab	1.2B	1.1B	1.1B	1.2B	1.3B	715.1M
Other Assets	503.2M	3.1B	439.1M	444.8M	511.5M	408.5M
Long Term Debt	786.8M	781.1M	1.1B	1.1B	1.1B	1.1B
Property Plant Equipment	2.4B	2.7B	2.8B	261.8M	301.0M	286.0M
Intangible Assets	24.9M	27.6M	30.0M	27.8M	20.7M	17.1M
Net Tangible Assets	968.4M	1.1B	1.1B	1.5B	1.7B	1.0B
Retained Earnings Total Equity	417.1M	472.2M	525.9M	556.7M	640.2M	365.8M
Long Term Debt Total	786.8M	781.1M	1.1B	1.1B	1.2B	648.2M
Capital Surpluse	362.3M	448.6M	651.1M	760.3M	874.4M	918.1M
Deferred Long Term Liab	224.2M	276.0M	285.7M	330.3M	379.8M	259.1M
Non Current Liabilities Other	770.7M	631.4M	630.9M	651.1M	363.3M	598.2M

Pair Trading with California Water

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if California Water position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in California Water will appreciate offsetting losses from the drop in the long position's value.

Moving together with California Stock

0.93	WTRG	Essential Utilities	Pair Corr
0.97	AWK	American Water Works	Pair Corr
0.8	AWR	American States Water	Pair Corr

The ability to find closely correlated positions to California Water could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace California Water when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back California Water - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling California Water Service to buy it.

The correlation of California Water is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as California Water moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if California Water Service moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for California Water can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether California Water Service is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if California Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about California Water Service Stock. Highlighted below are key reports to facilitate an investment decision about California Water Service Stock:

How To Invest In California

Details

Is California Stock a good investment?

Details

What is California Water's Net Worth?

Details

Largest Water Utilities Companies

View

Largest Utilities - Regulated Water Companies

View

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in California Water Service. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in housing.

You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.

Complementary Tools for California Stock analysis

When running California Water's price analysis, check to measure California Water's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy California Water is operating at the current time. Most of California Water's value examination focuses on studying past and present price action to predict the probability of California Water's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move California Water's price. Additionally, you may evaluate how the addition of California Water to your portfolios can decrease your overall portfolio volatility.

	Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk
	Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
	Commodity Directory Find actively traded commodities issued by global exchanges
	Risk-Return Analysis View associations between returns expected from investment and the risk you assume
	Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios
	Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk
	Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities
	Economic Indicators Top statistical indicators that provide insights into how an economy is performing
	Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins

Is California Water's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of California Water. If investors know California will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about California Water listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.469

Dividend Share

1.06

Earnings Share

2.52

Revenue Per Share

16.257

Quarterly Revenue Growth

1.065

The market value of California Water Service is measured differently than its book value, which is the value of California that is recorded on the company's balance sheet. Investors also form their own opinion of California Water's value that differs from its market value or its book value, called intrinsic value, which is California Water's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because California Water's market value can be influenced by many factors that don't directly affect California Water's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between California Water's value and its price as these two are different measures arrived at by different means. Investors typically determine if California Water is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, California Water's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

California Long Term Debt vs Long Term Debt Total Analysis

Long Term Debt vs Long Term Debt Total

Long Term Debt vs Long Term Debt Total Correlation Analysis

Correlation Coefficient

Long Term Debt

Long Term Debt Total

California Water fundamental ratios Correlations

California Water Account Relationship Matchups

High Positive Relationship

High Negative Relationship

California Water fundamental ratios Accounts

Pair Trading with California Water

Moving together with California Stock

Complementary Tools for California Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Common Stock	+ 1.0	Common Stock Total Equity

Common Stock	- 0.82	Common Stock Shares Outstanding
Common Stock Total Equity	- 0.82	Common Stock Shares Outstanding
Current Deferred Revenue	- 0.68	Other Current Liab
Non Current Liabilities Total	- 0.62	Common Stock Total Equity
Common Stock	- 0.61	Non Current Liabilities Total
Non Currrent Assets Other	- 0.6	Current Deferred Revenue