WEC Energy Group Balance Sheet Health
Financial Health criteria checks 1/6
WEC Energy Group has a total shareholder equity of $12.4B and total debt of $18.4B, which brings its debt-to-equity ratio to 148.4%. Its total assets and total liabilities are $43.9B and $31.5B respectively. WEC Energy Group's EBIT is $2.3B making its interest coverage ratio 3.1. It has cash and short-term investments of $38.9M.
Key information
148.4%
Debt to equity ratio
US$18.45b
Debt
Interest coverage ratio | 3.1x |
Cash | US$38.90m |
Equity | US$12.43b |
Total liabilities | US$31.50b |
Total assets | US$43.93b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: W1EC34's short term assets ($2.6B) do not cover its short term liabilities ($4.7B).
Long Term Liabilities: W1EC34's short term assets ($2.6B) do not cover its long term liabilities ($26.8B).
Debt to Equity History and Analysis
Debt Level: W1EC34's net debt to equity ratio (148.1%) is considered high.
Reducing Debt: W1EC34's debt to equity ratio has increased from 116.9% to 148.4% over the past 5 years.
Debt Coverage: W1EC34's debt is not well covered by operating cash flow (16.7%).
Interest Coverage: W1EC34's interest payments on its debt are well covered by EBIT (3.1x coverage).