Wiseway Group Balance Sheet Health
Financial Health criteria checks 2/6
Wiseway Group has a total shareholder equity of A$19.2M and total debt of A$14.4M, which brings its debt-to-equity ratio to 74.7%. Its total assets and total liabilities are A$66.9M and A$47.7M respectively. Wiseway Group's EBIT is A$2.1M making its interest coverage ratio 1.1. It has cash and short-term investments of A$8.0M.
Key information
74.7%
Debt to equity ratio
AU$14.36m
Debt
Interest coverage ratio | 1.1x |
Cash | AU$8.05m |
Equity | AU$19.22m |
Total liabilities | AU$47.69m |
Total assets | AU$66.91m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WWG's short term assets (A$24.9M) exceed its short term liabilities (A$19.0M).
Long Term Liabilities: WWG's short term assets (A$24.9M) do not cover its long term liabilities (A$28.7M).
Debt to Equity History and Analysis
Debt Level: WWG's net debt to equity ratio (32.8%) is considered satisfactory.
Reducing Debt: WWG's debt to equity ratio has increased from 27% to 74.7% over the past 5 years.
Debt Coverage: WWG's debt is not well covered by operating cash flow (11%).
Interest Coverage: WWG's interest payments on its debt are not well covered by EBIT (1.1x coverage).