Waterco Balance Sheet Health
Financial Health criteria checks 6/6
Waterco has a total shareholder equity of A$121.2M and total debt of A$4.3M, which brings its debt-to-equity ratio to 3.5%. Its total assets and total liabilities are A$168.0M and A$46.7M respectively. Waterco's EBIT is A$14.6M making its interest coverage ratio 20.7. It has cash and short-term investments of A$12.3M.
Key information
3.5%
Debt to equity ratio
AU$4.27m
Debt
Interest coverage ratio | 20.7x |
Cash | AU$12.34m |
Equity | AU$121.23m |
Total liabilities | AU$46.72m |
Total assets | AU$167.95m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WAT's short term assets (A$82.2M) exceed its short term liabilities (A$25.7M).
Long Term Liabilities: WAT's short term assets (A$82.2M) exceed its long term liabilities (A$21.1M).
Debt to Equity History and Analysis
Debt Level: WAT has more cash than its total debt.
Reducing Debt: WAT's debt to equity ratio has reduced from 31.3% to 3.5% over the past 5 years.
Debt Coverage: WAT's debt is well covered by operating cash flow (262.2%).
Interest Coverage: WAT's interest payments on its debt are well covered by EBIT (20.7x coverage).