Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
China Water Affairs GroupCWAFF 78 Debt-to-Equity is 1.81 as of Sep. 2025, which is 2% below its 10-year median of 1.84. GuruFocus rates CWAFF with a GF Score™ of 78/100 and a GF Value™ of $0.60. The stock has 10 warning signs investors should review. Among 473 Utilities - Regulated companies, China Water Affairs Group ranks worse than 78.01% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for China Water Affairs Group's Debt-to-Equity or its related term are showing as below:
CWAFF'
s Debt-to-Equity Range Over the Past 10 Years
Min: 1.37 Med: 1.84 Max: 2.09
Current: 1.77
During the past 13 years, the highest Debt-to-Equity Ratio of China Water Affairs Group was 2.09. The lowest was 1.37. And the median was 1.84.
CWAFF's Debt-to-Equity is ranked worse than 78.01% of 473
companies
in the Utilities - Regulated industry
Industry Median: 0.98
vs CWAFF: 1.77
China Water Affairs Group (OTCPK:CWAFF) Debt-to-Equity Explanation
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
China Water Affairs Group Debt-to-Equity Related Terms
China Water Affairs Group Debt-to-Equity Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
CWAFF vs AWK, WTRG, AWR: Debt-to-Equity Comparison
For the Utilities - Regulated Water subindustry, China Water Affairs Group's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
China Water Affairs Group Debt-to-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, China Water Affairs Group's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where China Water Affairs Group's Debt-to-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
China Water Affairs Group (CWAFF) has a Debt-to-Equity of 1.81 as of Sep. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on China Water Affairs Group and its competitors. This is near median its historical median of 1.84. Over the past decade, China Water Affairs Group's Debt-to-Equity has ranged from 1.37 to 2.09. According to the industry distribution chart, China Water Affairs Group ranks #369 out of 473 companies in the Utilities - Regulated industry, placing it in the top 78%.
Is China Water Affairs Group's Debt-to-Equity too high?
China Water Affairs Group's current Debt-to-Equity of 1.81 is near median its 10-year median of 1.84. Over the past 10 years, this metric has ranged from a low of 1.37 to a high of 2.09. The Utilities - Regulated industry median Debt-to-Equity is 0.98. China Water Affairs Group's value of 1.81 is 84.7% above this industry median. Based on the distribution chart, China Water Affairs Group ranks #369 out of 473 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, China Water Affairs Group has a GF Score™ of 78/100, reflecting its overall financial health beyond just this single metric.
How does China Water Affairs Group's Debt-to-Equity compare to AWK and WTRG?
According to the Utilities - Regulated industry distribution chart, China Water Affairs Group ranks #369 out of 473 companies for Debt-to-Equity. This places China Water Affairs Group in the lower half of its industry. The industry median Debt-to-Equity is 0.98. China Water Affairs Group's value of 1.81 is 84.7% above this benchmark. Historically, China Water Affairs Group's own Debt-to-Equity has ranged from 1.37 to 2.09 over the past decade. While the company's 10-year median is 1.84 vs. the industry median of 0.98, China Water Affairs Group has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Utilities - Regulated company?
The median Debt-to-Equity among Utilities - Regulated companies is 0.98, based on 473 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. China Water Affairs Group's current Debt-to-Equity of 1.81 is 84.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on China Water Affairs Group and its competitors. For the Utilities - Regulated industry, the median Debt-to-Equity is 0.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Water Affairs Group's current Debt-to-Equity is 1.81, which is near median its own 10-year median of 1.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Water Affairs Group stock overvalued right now?
China Water Affairs Group (CWAFF) has a current Debt-to-Equity of 1.81. The stock's GF Value™ is $0.60, compared to a current price of $0.62 — trading 3.3% above its estimated fair value. The current Debt-to-Equity is 1.81, which is near median its 10-year median of 1.84 and 84.7% above the Utilities - Regulated industry median of 0.98. China Water Affairs Group's overall GF Score™ is 78/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For China Water Affairs Group (CWAFF), the current Debt-to-Equity is 1.81 as of Sep. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is China Water Affairs Group (CWAFF) Overvalued in 2026?
Based on GuruFocus' analysis, China Water Affairs Group stock appears to be overvalued.
The current stock price of $0.62 is trading 3.3% above its estimated GF Value™ of $0.60.
Key valuation signals for CWAFF:
Debt-to-Equity: 1.81 (near median its 10-year median of 1.84)
GF Value™: $0.60 vs. price of $0.62 (3.3% above fair value)
Industry Position: 84.7% above the Utilities - Regulated median (#369 of 473)
No single metric tells the full story. See the CWAFF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Water Affairs Group Ltd is a Chinese water utility company that builds, operates, and invests in water affairs projects in China. The firm's primary segments include City water supply operation, main contractor construction, Environmental protection, and Pipeline direct drinking water supply. It generates a majority of its revenue from the City water supply operation segment. Geographically, the company generates a maximum share of its revenue from the People's Republic of China.
78GF Score
Get the complete analysis for CWAFF
Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
CWAFF has been successfully added to your 
