West African Resources Balance Sheet Health
Financial Health criteria checks 6/6
West African Resources has a total shareholder equity of A$992.0M and total debt of A$367.3M, which brings its debt-to-equity ratio to 37%. Its total assets and total liabilities are A$1.6B and A$583.2M respectively. West African Resources's EBIT is A$269.9M making its interest coverage ratio 35.7. It has cash and short-term investments of A$425.1M.
Key information
37.0%
Debt to equity ratio
AU$367.27m
Debt
| Interest coverage ratio | 35.7x |
| Cash | AU$425.14m |
| Equity | AU$992.00m |
| Total liabilities | AU$583.16m |
| Total assets | AU$1.58b |
Recent financial health updates
Is West African Resources (ASX:WAF) A Risky Investment?
May 03
Here's Why West African Resources (ASX:WAF) Can Manage Its Debt Responsibly
Apr 14We Think West African Resources (ASX:WAF) Can Stay On Top Of Its Debt
Dec 08Is West African Resources (ASX:WAF) Using Too Much Debt?
Dec 16Recent updates
The Market Lifts West African Resources Limited (ASX:WAF) Shares 28% But It Can Do More
Nov 06Market Cool On West African Resources Limited's (ASX:WAF) Earnings
Sep 18A Look At The Fair Value Of West African Resources Limited (ASX:WAF)
Jun 28Is West African Resources (ASX:WAF) A Risky Investment?
May 03West African Resources Limited's (ASX:WAF) Shares Leap 35% Yet They're Still Not Telling The Full Story
Apr 10Sentiment Still Eluding West African Resources Limited (ASX:WAF)
Feb 05West African Resources Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Aug 30Here's Why West African Resources (ASX:WAF) Can Manage Its Debt Responsibly
Apr 14With EPS Growth And More, West African Resources (ASX:WAF) Makes An Interesting Case
Jan 13We Think West African Resources (ASX:WAF) Can Stay On Top Of Its Debt
Dec 08Do West African Resources' (ASX:WAF) Earnings Warrant Your Attention?
Aug 29There's No Escaping West African Resources Limited's (ASX:WAF) Muted Earnings
Jul 29Should You Be Adding West African Resources (ASX:WAF) To Your Watchlist Today?
May 25Is Now The Time To Put West African Resources (ASX:WAF) On Your Watchlist?
Feb 23Is West African Resources (ASX:WAF) Using Too Much Debt?
Dec 16A Look At The Intrinsic Value Of West African Resources Limited (ASX:WAF)
Oct 31Should You Be Adding West African Resources (ASX:WAF) To Your Watchlist Today?
Sep 21Why The 50% Return On Capital At West African Resources (ASX:WAF) Should Have Your Attention
Jun 18We Think Shareholders Will Probably Be Generous With West African Resources Limited's (ASX:WAF) CEO Compensation
May 07West African Resources' (ASX:WAF) Promising Earnings May Rest On Soft Foundations
Apr 02Shareholders Are Raving About How The West African Resources (ASX:WAF) Share Price Increased 829%
Feb 25Financial Position Analysis
Short Term Liabilities: WAF's short term assets (A$631.4M) exceed its short term liabilities (A$150.3M).
Long Term Liabilities: WAF's short term assets (A$631.4M) exceed its long term liabilities (A$432.9M).
Debt to Equity History and Analysis
Debt Level: WAF has more cash than its total debt.
Reducing Debt: WAF's debt to equity ratio has reduced from 158.9% to 37% over the past 5 years.
Debt Coverage: WAF's debt is well covered by operating cash flow (58.6%).
Interest Coverage: WAF's interest payments on its debt are well covered by EBIT (35.7x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/31 06:21 |
| End of Day Share Price | 2024/12/31 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
West African Resources Limited is covered by 13 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Nicholas McGarrigle | Barrenjoey Markets Pty Limited |
| Dale Koenders | Barrenjoey Markets Pty Limited |
| Duncan Hughes | Bell Potter |