Growth Metrics

California Water Service (CWT) Debt to Equity (2009 - 2026)

California Water Service's quarterly Debt to Equity came in at $0.88 in Q1 2026, up 2.79% year-on-year from $0.85 in Q1 2025, and little changed quarter-over-quarter from $0.87 in Q4 2025.

California Water Service has reported Debt to Equity for 18 years, with the latest figure at $0.88 in Q1 2026.

  • For the quarter ending Q1 2026, Debt to Equity rose 2.79% year-over-year to $0.88; the trailing twelve-month figure through Mar 2026 stood at $0.88 (up 2.79% YoY), and the FY2025 full-year result was $0.87, up 21.28% from the prior year.
  • Debt to Equity for Q1 2026 stood at $0.88, roughly flat from $0.87 in the prior quarter.
  • The five-year high for Debt to Equity was $0.95 in Q1 2022, with the low at $0.71 in Q2 2025.
  • Average Debt to Equity over 5 years is $0.84, with a median of $0.85 recorded in 2023.
  • Year-over-year, Debt to Equity retreated 27.04% in 2022 and grew 21.28% in 2025.
  • Tracing CWT's Debt to Equity over 5 years: stood at $0.8 in 2022, then fell by 7.75% to $0.74 in 2023, then fell by 2.45% to $0.72 in 2024, then gained by 21.28% to $0.87 in 2025, then advanced by 0.43% to $0.88 in 2026.
  • The last three Debt to Equity figures came in at $0.88 (Q1 2026), $0.87 (Q4 2025), and $0.85 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 American Water Works Company 24.41 Bn 24.28 Bn 714.00 Mn 1.29
2 Aris Mining 20.22 Bn 19.75 Bn 233.28 Mn -
3 Essential Utilities 10.60 Bn 10.53 Bn 685.96 Mn 1.22
4 American States Water 2.95 Bn 2.94 Bn 104.19 Mn 0.13
5 California Water Service 2.62 Bn 2.52 Bn 183.34 Mn 0.88
6 H2O America 2.18 Bn 2.03 Bn 171.30 Mn 1.02
7 Middlesex Water 966.38 Mn 964.34 Mn 25.70 Mn 0.76
8 Consolidated Water 470.56 Mn 349.42 Mn 10.92 Mn 0.00
9 York Water 431.27 Mn 431.27 Mn 13.98 Mn 0.98
10 Artesian Resources 334.72 Mn 330.46 Mn 26.56 Mn 0.73

Historic Data

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DateValue
Mar 31, 2026 0.88
Dec 31, 2025 0.87
Sep 30, 2025 0.85
Jun 30, 2025 0.71
Mar 31, 2025 0.85
Dec 31, 2024 0.72
Sep 30, 2024 0.80
Jun 30, 2024 0.84
Mar 31, 2024 0.91
Dec 31, 2023 0.74
Sep 30, 2023 0.82
Jun 30, 2023 0.85
Mar 31, 2023 0.91
Dec 31, 2022 0.80
Sep 30, 2022 0.84
Jun 30, 2022 0.94
Mar 31, 2022 0.95
Dec 31, 2021 0.93
Sep 30, 2021 0.95
Jun 30, 2021 1.20
Mar 31, 2021 1.31
Dec 31, 2020 1.26
Sep 30, 2020 0.91
Jun 30, 2020 1.48
Mar 31, 2020 1.49
Dec 31, 2019 1.05
Sep 30, 2019 1.07
Jun 30, 2019 1.35
Mar 31, 2019 1.17
Dec 31, 2018 1.12
Sep 30, 2018 1.13
Jun 30, 2018 1.06
Mar 31, 2018 0.76
Dec 31, 2017 1.13
Sep 30, 2017 0.81
Jun 30, 2017 0.84
Mar 31, 2017 0.86
Dec 31, 2016 0.95
Sep 30, 2016 0.86
Jun 30, 2016 0.88
Mar 31, 2016 0.94
Dec 31, 2015 0.80
Sep 30, 2015 0.66
Jun 30, 2015 0.87
Mar 31, 2015 0.69
Dec 31, 2014 0.68
Sep 30, 2014 0.78
Jun 30, 2014 0.72
Mar 31, 2014 0.84
Dec 31, 2013 0.72
Sep 30, 2013 0.80
Jun 30, 2013 0.79
Mar 31, 2013 0.84
Dec 31, 2012 1.11
Sep 30, 2012 1.02
Jun 30, 2012 1.26
Mar 31, 2012 1.20
Dec 31, 2011 1.18
Sep 30, 2011 1.14
Jun 30, 2011 1.10
Mar 31, 2011 1.18
Dec 31, 2010 1.11
Sep 30, 2010 0.88
Jun 30, 2010 1.03
Dec 31, 2009 0.92