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
No updates
Recent updates
Financial 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).