West African Resources Balance Sheet Health
Financial Health criteria checks 5/6
West African Resources has a total shareholder equity of A$905.8M and total debt of A$147.2M, which brings its debt-to-equity ratio to 16.2%. Its total assets and total liabilities are A$1.2B and A$315.0M respectively. West African Resources's EBIT is A$236.4M making its interest coverage ratio 133.6. It has cash and short-term investments of A$135.1M.
Key information
16.2%
Debt to equity ratio
AU$147.18m
Debt
| Interest coverage ratio | 133.6x |
| Cash | AU$135.08m |
| Equity | AU$905.83m |
| Total liabilities | AU$315.01m |
| Total assets | AU$1.22b |
Recent financial health updates
Here's Why West African Resources (ASX:WAF) Can Manage Its Debt Responsibly
Apr 14
We 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
West 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$474.2M) exceed its short term liabilities (A$128.6M).
Long Term Liabilities: WAF's short term assets (A$474.2M) exceed its long term liabilities (A$186.4M).
Debt to Equity History and Analysis
Debt Level: WAF's net debt to equity ratio (1.3%) is considered satisfactory.
Reducing Debt: WAF's debt to equity ratio has increased from 0% to 16.2% over the past 5 years.
Debt Coverage: WAF's debt is well covered by operating cash flow (141.7%).
Interest Coverage: WAF's interest payments on its debt are well covered by EBIT (133.6x coverage).