California Change To Liabilities vs Change In Cash Analysis

CWT Stock  USD 48.64  0.34  0.70%   
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 Change To Liabilities and its Change In Cash 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 closely tied with the direction of predictive economic indicators such as signals in housing.

Change To Liabilities vs Change In Cash

Change To Liabilities vs Change In Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of California Water Service Change To Liabilities account and Change In Cash. At this time, the significance of the direction appears to have no relationship.
The correlation between California Water's Change To Liabilities and Change In Cash is 0.06. Overlapping area represents the amount of variation of Change To Liabilities that can explain the historical movement of Change In Cash 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 Change To Liabilities and Change In Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Liabilities of California Water Service are associated (or correlated) with its Change In Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Cash has no effect on the direction of Change To Liabilities i.e., California Water's Change To Liabilities and Change In Cash go up and down completely randomly.

Correlation Coefficient

0.06
Relationship DirectionPositive 
Relationship StrengthInsignificant

Change To Liabilities

Change In Cash

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 closely tied 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 20.09 in 2024, whereas Selling General Administrative is likely to drop slightly above 77.5 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit483.8M529.5M363.4M285.5M
Total Revenue790.9M846.4M794.6M412.7M

California Water fundamental ratios Correlations

0.640.60.430.490.60.6-0.030.610.860.620.530.630.310.530.94-0.820.670.440.480.460.650.540.650.28-0.82
0.640.950.830.740.971.0-0.380.970.760.980.451.00.760.450.58-0.570.990.930.890.00.990.950.950.43-0.57
0.60.950.850.790.890.94-0.460.980.770.950.540.950.780.540.59-0.580.940.850.85-0.10.960.890.930.52-0.58
0.430.830.850.740.810.83-0.680.880.750.910.670.820.780.670.46-0.250.780.710.81-0.230.820.820.90.45-0.25
0.490.740.790.740.620.72-0.30.80.590.750.570.740.630.570.5-0.490.70.580.650.020.790.560.760.91-0.49
0.60.970.890.810.620.98-0.40.930.750.960.40.970.720.40.5-0.470.960.960.93-0.040.940.990.940.26-0.47
0.61.00.940.830.720.98-0.420.970.740.980.411.00.770.410.54-0.520.990.950.9-0.030.990.960.940.4-0.52
-0.03-0.38-0.46-0.68-0.3-0.4-0.42-0.53-0.48-0.52-0.21-0.38-0.6-0.21-0.07-0.28-0.34-0.35-0.460.57-0.37-0.44-0.39-0.18-0.28
0.610.970.980.880.80.930.97-0.530.80.980.490.970.820.490.58-0.530.960.870.89-0.110.980.910.950.52-0.53
0.860.760.770.750.590.750.74-0.480.80.810.640.750.560.640.8-0.540.740.590.710.070.750.730.810.32-0.54
0.620.980.950.910.750.960.98-0.520.980.810.520.980.80.520.57-0.480.960.890.91-0.090.970.950.970.43-0.48
0.530.450.540.670.570.40.41-0.210.490.640.520.430.241.00.63-0.420.420.230.340.190.470.420.640.39-0.42
0.631.00.950.820.740.971.0-0.380.970.750.980.430.760.430.58-0.570.990.940.890.00.990.950.940.42-0.57
0.310.760.780.780.630.720.77-0.60.820.560.80.240.760.240.32-0.220.740.710.73-0.510.770.720.710.41-0.22
0.530.450.540.670.570.40.41-0.210.490.640.521.00.430.240.63-0.420.420.230.340.190.470.420.640.39-0.42
0.940.580.590.460.50.50.54-0.070.580.80.570.630.580.320.63-0.830.630.330.320.470.620.450.590.32-0.83
-0.82-0.57-0.58-0.25-0.49-0.47-0.52-0.28-0.53-0.54-0.48-0.42-0.57-0.22-0.42-0.83-0.63-0.36-0.32-0.55-0.61-0.4-0.55-0.331.0
0.670.990.940.780.70.960.99-0.340.960.740.960.420.990.740.420.63-0.630.920.840.060.990.940.920.38-0.63
0.440.930.850.710.580.960.95-0.350.870.590.890.230.940.710.230.33-0.360.920.89-0.120.910.960.850.27-0.36
0.480.890.850.810.650.930.9-0.460.890.710.910.340.890.730.340.32-0.320.840.89-0.220.860.920.920.34-0.32
0.460.0-0.1-0.230.02-0.04-0.030.57-0.110.07-0.090.190.0-0.510.190.47-0.550.06-0.12-0.220.03-0.1-0.010.02-0.55
0.650.990.960.820.790.940.99-0.370.980.750.970.470.990.770.470.62-0.610.990.910.860.030.920.940.5-0.61
0.540.950.890.820.560.990.96-0.440.910.730.950.420.950.720.420.45-0.40.940.960.92-0.10.920.930.2-0.4
0.650.950.930.90.760.940.94-0.390.950.810.970.640.940.710.640.59-0.550.920.850.92-0.010.940.930.44-0.54
0.280.430.520.450.910.260.4-0.180.520.320.430.390.420.410.390.32-0.330.380.270.340.020.50.20.44-0.33
-0.82-0.57-0.58-0.25-0.49-0.47-0.52-0.28-0.53-0.54-0.48-0.42-0.57-0.22-0.42-0.831.0-0.63-0.36-0.32-0.55-0.61-0.4-0.54-0.33
Click cells to compare fundamentals

California Water Account Relationship Matchups

California Water fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding48.2M49.3M51.6M54.4M57.0M39.2M
Total Assets3.1B3.4B3.6B3.9B4.6B4.8B
Short Long Term Debt Total983.7M1.2B1.1B1.1B1.2B1.3B
Other Current Liab51.3M73.4M95.9M62.5M74.0M77.7M
Total Current Liabilities358.7M588.7M256.6M294.7M430.3M451.9M
Total Stockholder Equity779.9M921.3M1.2B1.3B1.4B1.5B
Property Plant And Equipment Net2.4B2.7B2.8B3.1B3.8B4.0B
Current Deferred Revenue2.0M2.2M3.9M8.1M13.5M23.4M
Net Debt941.1M1.1B1.0B1.1B1.2B1.3B
Retained Earnings417.1M472.2M525.9M556.7M549.6M275.3M
Accounts Payable108.5M131.7M144.4M141.0M157.3M165.2M
Cash42.7M44.6M78.4M62.1M39.6M27.1M
Non Current Assets Total2.9B3.1B3.3B3.6B4.3B4.5B
Non Currrent Assets Other517.6M445.8M439.1M129.3M475.6M499.3M
Cash And Short Term Investments42.7M44.6M78.4M62.1M39.6M27.1M
Net Receivables96.1M78.1M93.5M88.2M96.3M60.0M
Common Stock Total Equity485K503K537K556K500.4K475.4K
Liabilities And Stockholders Equity3.1B3.4B3.6B3.9B4.6B4.8B
Non Current Liabilities Total2.0B1.9B2.2B2.2B2.7B2.9B
Inventory7.7M8.8M9.5M12.6M16.2M17.0M
Other Current Assets38.2M134.5M119.0M132.7M144.2M151.4M
Other Stockholder Equity362.3M448.6M651.1M760.3M876.6M609.2M
Total Liab2.3B2.5B2.4B2.5B3.2B3.3B
Property Plant And Equipment Gross2.4B2.6B4.2B4.5B4.9B5.1B
Total Current Assets184.7M266.0M300.5M295.5M296.3M311.1M
Short Term Debt197.0M376.9M7.0M74.4M181.0M190.0M
Common Stock485K503K537K556K577K548.2K
Other Liab1.2B1.1B1.1B1.2B1.3B715.1M
Other Assets503.2M3.1B439.1M444.8M511.5M408.5M
Long Term Debt786.8M781.1M1.1B1.1B1.1B1.1B
Property Plant Equipment2.4B2.7B2.8B261.8M301.0M286.0M
Intangible Assets24.9M27.6M30.0M27.8M20.7M17.1M
Net Tangible Assets968.4M1.1B1.1B1.5B1.7B1.0B
Retained Earnings Total Equity417.1M472.2M525.9M556.7M640.2M365.8M
Long Term Debt Total786.8M781.1M1.1B1.1B1.2B648.2M
Capital Surpluse362.3M448.6M651.1M760.3M874.4M918.1M
Deferred Long Term Liab224.2M276.0M285.7M330.3M379.8M259.1M
Non Current Liabilities Other770.7M631.4M630.9M651.1M363.3M598.2M

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