Whitefield Industrials Balance Sheet Health
Financial Health criteria checks 5/6
Whitefield Industrials has a total shareholder equity of A$546.6M and total debt of A$25.3M, which brings its debt-to-equity ratio to 4.6%. Its total assets and total liabilities are A$619.1M and A$72.5M respectively. Whitefield Industrials's EBIT is A$20.8M making its interest coverage ratio 114. It has cash and short-term investments of A$7.6M.
Key information
4.6%
Debt to equity ratio
AU$25.30m
Debt
Interest coverage ratio | 114x |
Cash | AU$7.64m |
Equity | AU$546.58m |
Total liabilities | AU$72.48m |
Total assets | AU$619.05m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WHF's short term assets (A$10.5M) exceed its short term liabilities (A$660.7K).
Long Term Liabilities: WHF's short term assets (A$10.5M) do not cover its long term liabilities (A$71.8M).
Debt to Equity History and Analysis
Debt Level: WHF's net debt to equity ratio (3.2%) is considered satisfactory.
Reducing Debt: WHF's debt to equity ratio has reduced from 10.2% to 4.6% over the past 5 years.
Debt Coverage: WHF's debt is well covered by operating cash flow (65.6%).
Interest Coverage: WHF's interest payments on its debt are well covered by EBIT (114x coverage).