WT Financial Group Balance Sheet Health
Financial Health criteria checks 5/6
WT Financial Group has a total shareholder equity of A$27.8M and total debt of A$6.7M, which brings its debt-to-equity ratio to 24.1%. Its total assets and total liabilities are A$52.9M and A$25.2M respectively. WT Financial Group's EBIT is A$6.7M making its interest coverage ratio 6.9. It has cash and short-term investments of A$5.2M.
Key information
24.1%
Debt to equity ratio
AU$6.68m
Debt
| Interest coverage ratio | 6.9x |
| Cash | AU$5.23m |
| Equity | AU$27.77m |
| Total liabilities | AU$25.17m |
| Total assets | AU$52.93m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WTL's short term assets (A$16.2M) exceed its short term liabilities (A$15.6M).
Long Term Liabilities: WTL's short term assets (A$16.2M) exceed its long term liabilities (A$9.5M).
Debt to Equity History and Analysis
Debt Level: WTL's net debt to equity ratio (5.2%) is considered satisfactory.
Reducing Debt: WTL's debt to equity ratio has increased from 23.5% to 24.1% over the past 5 years.
Debt Coverage: WTL's debt is well covered by operating cash flow (54.8%).
Interest Coverage: WTL's interest payments on its debt are well covered by EBIT (6.9x coverage).