“The debt-to-equity ratio is very high at 4.40 and currently higher than the industry average, implying that there is very poor management of debt levels within the company. To add to this, CWST has a quick ratio of 0.67, this demonstrates the lack of ability of the company to cover short-term liquidity needs.”

The implications of Casella’s poor financial status and debt management problems are far reaching.

Separate from Casella’s financial problems, environmental concerns continue to worsen at the Bethlehem landfill. October 15th tests results indicate Bromide in well 913M nearly doubled since tested September 15, (Bromide levels rose from 0.29 to 0.55 mg/l). October 15th results for welll 921U show no decrease from its alarmingly high bromide level of 1.1 mg/l.