WashTec Balance Sheet Health
Financial Health criteria checks 5/6
WashTec has a total shareholder equity of €85.8M and total debt of €39.1M, which brings its debt-to-equity ratio to 45.6%. Its total assets and total liabilities are €271.3M and €185.5M respectively. WashTec's EBIT is €39.4M making its interest coverage ratio 11.1. It has cash and short-term investments of €16.7M.
Key information
45.6%
Debt to equity ratio
€39.12m
Debt
Interest coverage ratio | 11.1x |
Cash | €16.67m |
Equity | €85.77m |
Total liabilities | €185.54m |
Total assets | €271.31m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WSU's short term assets (€160.1M) exceed its short term liabilities (€154.8M).
Long Term Liabilities: WSU's short term assets (€160.1M) exceed its long term liabilities (€30.7M).
Debt to Equity History and Analysis
Debt Level: WSU's net debt to equity ratio (26.2%) is considered satisfactory.
Reducing Debt: WSU's debt to equity ratio has increased from 19.6% to 45.6% over the past 5 years.
Debt Coverage: WSU's debt is well covered by operating cash flow (158%).
Interest Coverage: WSU's interest payments on its debt are well covered by EBIT (11.1x coverage).