Company Information

  

Address: REGATTA OFFICE PARK, WINDWARD THREE,
4TH FLOOR, WEST BAY ROAD, P.O. BOX 1114 
City: GRAND CAYMAN 
State:  
Zip Code: KY1-1102 
Telephone: 345-945-4277 

Description of Business

Primary SIC Code: 4941
(As filed with the SEC)  

We develop and operate seawater desalination plants (that utilize reverse osmosis technology) and water distribution systems in areas where naturally occurring supplies of potable water are scarce or nonexistent. Through our subsidiaries and affiliates, we provide the following services to our customers in the Cayman Islands, The Bahamas, Belize, the British Virgin Islands and Indonesia: ยท Retail Water Operations. We produce and supply water to end-users, including residential, commercial and government customers in the Cayman Islands under an exclusive retail license issued by the Cayman Islands government to provide water in two of the three most populated and rapidly developing areas on Grand Cayman Island. We also have a desalination plant in Bali, Indonesia that sells water to resort and residential properties. In 2016, our retail water operations generated approximately 41% of our consolidated revenues.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
09/20170.400.07532.00
06/20170.270.07545.93
03/20170.310.07537.58
12/20160.270.07540.19
09/20160.270.07543.04
06/20160.520.07525.12
03/20160.520.07523.40
12/20150.510.07524.00

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2016 Leverage 2016
Net Inc/Comm Equity0.04Total Liab/Total Assets0.11
Net Inc/Total Assets0.02Total Liab/Inv Cap0.11
Net Inc/Inv Cap0.03Total Liab/Comm Equity0.19
Pretax Inc/Net Sales0.04Interest Coverage Ratio22.54
Net Inc/Net Sales0.07Curr Debt/EquityNA
Cash Flow/Net Sales0.14LTD/EquityNA
SG&A/NetSales0.32Total Debt/EquityNA
Asset Utilization   Liquidity  
Net Receivables Turnover3.91Quick Ratio8.77
Inventory Turnover15.92Current Ratio9.11
Inventory Day Sales0.04Net Rec/Curr Assets0.30
Net Sales/Work Cap1.07Inv/Curr Assets0.04
Net Sales/PP&E0.73  

Income Statement (Millions)

  9/30/2017 6/30/2017 3/31/2017 12/31/2016
Total Revenues(Net Sales) 16.63 15.22 15.68 14.06
Cost of Goods Sold 10.39 8.70 8.84 8.49
Selling & Admin Exps 4.98 4.92 4.80 4.75
Operating Income -0.32 1.61 2.04 0.81
Interest Exp 0.00 0.01 0.00 0.01
Pretax Income 0.13 1.63 2.44 1.18
Other Income 0.31 0.07 0.38 0.28
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 1.16 0.62 2.63 1.57

Balance Sheet (Millions)

Assets 9/30/2017 6/30/2017 3/31/2017 12/31/2016
Cash & Short Term Investments 46.98 45.95 36.53 39.25
Receivables - Total 16.06 15.99 24.45 18.22
Inventories - Total 2.29 3.06 3.45 2.31
Total Current Assets 67.76 66.48 65.79 60.88
Net Property, Plant & Equipment 77.16 78.32 79.67 79.13
Total Assets 165.84 165.79 167.18 163.60
Liabilities        
Accounts Payable 7.21 7.86 8.96 6.68
Debt in Current Liabilities NA NA NA 0.00
Total Current Liabilities 7.21 7.91 8.96 6.68
Long-Term Debt NA NA NA NA
Total Liabilities 18.67 18.85 19.92 18.00
Stockholder's Equity        
Minority Interest 8.80 8.55 8.45 8.50
Preferred Stock 0.02 0.03 0.02 0.02
Common Stock 8.94 8.93 8.93 8.92
Retained Earnings 52.65 52.61 53.10 51.59
Treasury Stock NA NA NA NA
Total Stockholders' Equity 147.17 146.94 147.26 145.60
Total Liabilities and Stockholders' Equity 165.84 165.79 167.18 163.60

Cash Flow Summary (Millions)

Categories 9/30/2017 6/30/2017 3/31/2017 12/31/2016
Net Cash Provided by Operating Activities 2.14 11.44 -1.86 3.31
Net Cash Provided by Investing Activities -0.13 -0.29 -0.14 -0.42
Net Cash Provided by Financing Activities -1.11 -1.60 -0.73 -0.72

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/201265.459.320.64
12/201363.828.590.58
12/201465.566.270.42
12/201557.127.520.51
12/201657.883.960.27
Growth Rates-3.03-19.25-19.41

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/17937,59850.99




Report Date : 12/11/2017

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