Updated
The most significant concentration Consolidated Water Co. discloses is Cayman Islands retail water license at 26%, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
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Source: Consolidated Water Co.’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
“10-K Item 1: 'We produce potable water from seawater utilizing reverse osmosis technology and supply this 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'”
“10-K Item 1: 'We produce potable water from seawater utilizing reverse osmosis technology and supply this water to government-owned utilities in the Cayman Islands and The Bahamas.'”
Consolidated Water's concentration exposures are both regulatory/counterparty-driven and roughly similar in scale. The company's exclusive retail water license from the Cayman Islands government — under which it supplies potable water produced via reverse osmosis to residential, commercial, and government end-users — represents approximately 26% of the business, a medium-share dependency on a single government-granted license rather than a diversified multi-jurisdiction retail franchise. Separately, sales to government-owned utilities in the Cayman Islands and The Bahamas account for approximately 25% of the business, also a medium-share dependency, this time on a small number of government counterparties rather than a broad base of private end-users. Both exposures are dependency-type rather than purely structural: the retail license could in principle be altered, non-renewed, or made non-exclusive by the granting government, while the government-owned-utility relationships depend on the continued willingness of those specific counterparties to purchase bulk water. Because the two figures are close in size and both point back to government relationships in a concentrated Caribbean footprint, Consolidated Water's business is meaningfully exposed to regulatory and public-counterparty decisions in a small number of jurisdictions, even though neither single exposure on its own rises above a medium share of the business.
For the engine’s reasoning on CWCO’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| AWR | American States Water Company | 2 | 1 | 0 | 3 |
| CWT | California Water Service Group | 2 | 0 | 0 | 2 |
| CWCO● | Consolidated Water Co. Ltd. | 0 | 2 | 0 | 2 |
| HTO | H2O America | 0 | 1 | 0 | 1 |
| AWK | American Water Works Company, I | 0 | 0 | 0 | 0 |
| MSEX | Middlesex Water Company | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.