WTER · Alkaline Water Co Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|
| Revenue | $63.78M | $60.60M | $46.07M | $41.14M | $32.20M | $19.81M |
| Cost of Revenue | $52.13M | $45.38M | $29.62M | $24.30M | $11.69M | - |
| Gross Profit | $11.65M | $15.22M | $16.45M | $16.84M | $12.95M | $8.13M |
| R&D | - | - | - | - | - | - |
| SG&A | $11.02M | $21.58M | $15.86M | $11.14M | $7.42M | $6.43M |
| Total Operating Expenses | $33.68M | $54.22M | $32.28M | $31.22M | $21.01M | $14.06M |
| D&A | $900.1K | $801.4K | $997.8K | $1.01M | $580.7K | $418.8K |
| Operating Income | ($22.03M) | ($39.00M) | ($15.83M) | ($14.38M) | ($8.06M) | ($5.93M) |
| Interest Expense | $2.97M | $917.0K | $575.6K | $448.8K | $554.5K | $465.3K |
| Income Tax | - | - | - | - | - | - |
| Net Income | ($27.41M) | ($39.58M) | ($16.41M) | ($14.83M) | ($8.62M) | ($6.69M) |
| EPS - Basic | ($2.99) | ($0.24) | - | - | - | - |
| EPS - Diluted | ($2.99) | ($0.24) | - | - | - | - |
Balance Sheet
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.04M | $9.13M | $9.13M | $4.56M | $11.03M | $988.9K |
| Accounts Receivable | $6.52M | $7.93M | $8.46M | $4.92M | $3.07M | $2.60M |
| Inventory | $5.59M | $8.58M | $4.41M | $2.92M | $2.06M | $1.00M |
| Accounts Payable | $11.62M | $10.44M | $7.06M | $5.41M | $2.90M | $2.05M |
| Current Assets | $15.95M | $21.16M | $23.27M | $14.18M | $16.54M | $4.89M |
| Total Assets | $18.03M | $22.50M | $24.55M | $15.61M | $18.48M | $6.06M |
| Current Liabilities | $23.34M | $21.92M | $13.24M | - | $7.13M | $5.60M |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $23.37M | $22.10M | $13.54M | $13.98M | - | $5.60M |
| Stockholders' Equity | ($5.34M) | $401.1K | $11.01M | $1.62M | $11.36M | $460.2K |
| Retained Earnings | ($137.08M) | ($109.52M) | ($69.93M) | ($53.52M) | ($38.69M) | ($30.08M) |
Cash Flow
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($10.43M) | ($31.82M) | ($14.28M) | ($13.64M) | ($8.13M) | ($2.63M) |
| Investing Cash Flow | ($1.44M) | ($992.0K) | ($585.4K) | ($488.6K) | ($1.36M) | ($317.9K) |
| Financing Cash Flow | $11.38M | $25.21M | $19.43M | $7.66M | $19.53M | $3.33M |
| CapEx | $1.44M | $992.0K | $585.4K | $488.6K | $1.36M | $317.9K |
| Free Cash Flow | ($11.87M) | ($32.81M) | ($14.87M) | ($14.13M) | ($9.48M) | ($2.94M) |
Ratios
| Metric | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 18.3% | 25.1% | 35.7% | 40.9% | 40.2% | 41.0% |
| Operating margin | -34.5% | -64.4% | -34.4% | -34.9% | -25.0% | -29.9% |
| EBITDA margin | -33.1% | -63.0% | -32.2% | -32.5% | -23.2% | -27.8% |
| Net margin | -43.0% | -65.3% | -35.6% | -36.0% | -26.8% | -33.8% |
| Free cash flow margin | -18.6% | -54.1% | -32.3% | -34.3% | -29.5% | -14.9% |
| FCF / Net income | 0.43 | 0.83 | 0.91 | 0.95 | 1.10 | 0.44 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 17.3% | 35.6% | 34.4% | 27.1% | 23.0% | 32.4% |
| Effective tax rate | - | - | - | - | - | - |
| Return on assets | -152.0% | -175.9% | -66.8% | -95.0% | -46.6% | -110.4% |
| Return on equity | 513.5% | -9868.0% | -149.0% | -914.0% | -75.9% | -1453.0% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 0.68 | 0.97 | 1.76 | - | 2.32 | 0.87 |
| Quick ratio | 0.44 | 0.57 | 1.42 | - | 2.03 | 0.69 |
| Cash ratio | 0.04 | 0.42 | 0.69 | - | 1.55 | 0.18 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | -7.4x | -42.5x | -27.5x | -32.0x | -14.5x | -12.7x |
| Equity multiplier | -3.38 | 56.09 | 2.23 | 9.62 | 1.63 | 13.16 |
| Liabilities / Assets | 1.30 | 0.98 | 0.55 | 0.90 | - | 0.92 |
| Efficiency | ||||||
| Asset turnover | 3.54 | 2.69 | 1.88 | 2.64 | 1.74 | 3.27 |
| Inventory turnover | 9.32 | 5.29 | 6.72 | 8.32 | 5.68 | - |
| Days sales outstanding | 37d | 48d | 67d | 44d | 35d | 48d |
| Days inventory outstanding | 39d | 69d | 54d | 44d | 64d | - |
| Days payable outstanding | 81d | 84d | 87d | 81d | 91d | - |
| Cash conversion cycle | -5d | 33d | 34d | 6d | 9d | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 5.2% | 31.5% | 12.0% | 27.8% | 62.5% | 55.2% |
| Revenue CAGR (3y) | 15.7% | 23.5% | 32.5% | 47.7% | 65.6% | 74.9% |
| Revenue CAGR (5y) | 26.3% | 36.6% | 45.4% | 61.9% | 124.2% | - |
| Gross profit growth (YoY) | -23.5% | -7.5% | -2.3% | 30.1% | 59.3% | 50.1% |
| Operating income growth (YoY) | 43.5% | -146.3% | -10.1% | -78.3% | -36.0% | -133.6% |
| Net income growth (YoY) | 30.8% | -141.2% | -10.7% | -72.1% | -28.9% | -93.6% |
| EPS growth (YoY) | -1145.8% | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | 63.8% | -120.7% | -5.2% | -49.0% | -222.2% | -4.9% |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | - | -96.4% | 579.0% | -85.7% | 2367.6% | -44.8% |
Stability scores
Altman Z′
FY 2023 · bankruptcy risk
-7.10
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2023 · 9-point quality
3/9
Weak
- ✗Net income positive
- ✗Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✗Current ratio improved
- -No share dilution
- ✗Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Wholesale-Groceries & Related Products
Comparing ALKALINE WATER Co INC against the 5 most active filers in the same SIC group.