| Debt service cover ratioWTR-Water |
Analysis | |
This data comes from the CAFR and will be available in March 2022. Email to FIN_FINANCIAL_REPORTING to request Reserve Requirement Supplement
Measure Definition & Importance |
The Debt Service Coverage Ratio is the ratio of Net Operating Revenues to Annual Debt Service and measures the ability of a firm to meet its interest payments from operating revenues. The larger the ratio, the more likely the firm can meet its long-term debt payments on an annual basis. The goal is 1.50 as set by Financial Management Policy under Enterprise Fund Reserve Policy Section V(C)(2).
Attributes |
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WTR.1.1 Financial Viability
WTR-Water
Debt service cover ratio |
| AWWA Benchmarking |
Attachments |
Net Operating Ratio & Annual Debt Service |
Debt service cover ratio |
Measure Data | Last Calculated 20 days ago |
| Period | | Status | Debt service cover ratio | Net operating revenue | Actual debt service | Overall Target (If any) | High Variance (FY Target) | Low Variance |
|---|---|---|---|---|---|---|---|---|
| FY2013 | | On Target | 1.56 | $ 141,730.00 | $ 90,887.00 | 1.50 | 1.25 | |
| FY2014 | | On Target | 1.51 | $ 137,941.00 | $ 91,351.00 | 1.50 | 1.25 | |
| FY2015 |  | Lagging | 1.45 | $ 138,111.00 | $ 95,256.00 | 1.50 | 1.25 | |
| FY2016 | | On Target | 1.85 | $ 167,101.00 | $ 90,487.00 | 1.50 | 1.25 | |
| FY2017 | | On Target | 2.03 | $ 187,879.00 | $ 92,571.00 | 1.50 | 1.25 | |
| FY2018 | | On Target | 2.31 | $ 218,462.00 | $ 94,714.00 | 1.50 | 1.25 | |
| FY2019 | | On Target | 2.34 | $ 213,648.00 | $ 91,350.00 | 1.50 | 1.25 | |
| FY2020 | | On Target | 2.52 | $ 229,887.00 | $ 91,309.00 | 1.50 | 1.25 | |
| FY2021 | | Monitoring/No Info | $ 91,309.00 | 1.50 | 1.25 | |||
| FY2022 | | Monitoring/No Info |
Data Source Details & Calculation Information |
Net Operating Revenue is calculated by adding Water Utility Operating Revenues and Interest Income then subtracting Water Utility Operating Expenses (excluding Depreciation). These numbers come from the Comprehensive Annual Financial Report. Annual Debt Service is the actual debt service payments made during the current fiscal year.
Debt Service Coverage Ratio = Net Operating Revenue / Annual Actual Debt Service
Measure Type |
Performance Liaison |
| SC | Sheree Collins (WTR-Water) |
Data Owner |
Target Type |
Measure ID |
Administrator Notes |
Performance Liaison Notes |