Is it safe?
Can AWR take a bad year?
American States Water Company carries $761M of net debt at 2.95× EBITDA: a load its earnings can carry.
$761M
Net debt · as at Q1 2026 · between two and four years of EBITDA, normal for a stable business
- Net debt / EBITDA
- 2.95×
Net debt / EBITDA · 2.84× a year ago · the load is going up
- Altman Z-score
- 1.97
Altman Z-score · grey zone, between 1.8 and 3
- Interest cover
- 4.47×
Interest cover · operating profit covers the interest bill, with room to spare
Details›
- Total debtQ1 2026
- $783M
- Cash and short-term investments
- $22M
- Net debt
- $761M
- EBITDA, trailing twelve months
- $258M
- Operating profit, trailing twelve months
- $209M
- Debt / equity
- 0.74×
- Total debt / EBITDA
- 3.03×
- Annualised volatilitytwo years of daily moves
- 21%
- Worst drawdown on file
- −33%
- Below its 52-week high
- −1.3%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Utilities - Regulated Water
Ranks #4 of 6 by Smart Score