WashTec Balance Sheet Health
Financial Health criteria checks 4/6
WashTec has a total shareholder equity of €73.3M and total debt of €52.9M, which brings its debt-to-equity ratio to 72.2%. Its total assets and total liabilities are €274.9M and €201.6M respectively. WashTec's EBIT is €41.3M making its interest coverage ratio 12.9. It has cash and short-term investments of €16.6M.
Key information
72.2%
Debt to equity ratio
€52.90m
Debt
| Interest coverage ratio | 12.9x |
| Cash | €16.58m |
| Equity | €73.29m |
| Total liabilities | €201.64m |
| Total assets | €274.93m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WSU's short term assets (€163.1M) do not cover its short term liabilities (€172.9M).
Long Term Liabilities: WSU's short term assets (€163.1M) exceed its long term liabilities (€28.7M).
Debt to Equity History and Analysis
Debt Level: WSU's net debt to equity ratio (49.5%) is considered high.
Reducing Debt: WSU's debt to equity ratio has reduced from 79.1% to 72.2% over the past 5 years.
Debt Coverage: WSU's debt is well covered by operating cash flow (100.5%).
Interest Coverage: WSU's interest payments on its debt are well covered by EBIT (12.9x coverage).