Waterco Balance Sheet Health
Financial Health criteria checks 5/6
Waterco has a total shareholder equity of A$129.8M and total debt of A$49.8M, which brings its debt-to-equity ratio to 38.3%. Its total assets and total liabilities are A$257.8M and A$127.9M respectively. Waterco's EBIT is A$22.3M making its interest coverage ratio 5.7. It has cash and short-term investments of A$16.8M.
Key information
38.3%
Debt to equity ratio
AU$49.78m
Debt
| Interest coverage ratio | 5.7x |
| Cash | AU$16.80m |
| Equity | AU$129.85m |
| Total liabilities | AU$127.92m |
| Total assets | AU$257.77m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WAT's short term assets (A$152.3M) exceed its short term liabilities (A$57.2M).
Long Term Liabilities: WAT's short term assets (A$152.3M) exceed its long term liabilities (A$70.7M).
Debt to Equity History and Analysis
Debt Level: WAT's net debt to equity ratio (25.4%) is considered satisfactory.
Reducing Debt: WAT's debt to equity ratio has increased from 28.8% to 38.3% over the past 5 years.
Debt Coverage: WAT's debt is well covered by operating cash flow (49.2%).
Interest Coverage: WAT's interest payments on its debt are well covered by EBIT (5.7x coverage).