Wajax Balance Sheet Health
Financial Health criteria checks 4/6
Wajax has a total shareholder equity of CA$503.6M and total debt of CA$353.8M, which brings its debt-to-equity ratio to 70.3%. Its total assets and total liabilities are CA$1.6B and CA$1.1B respectively. Wajax's EBIT is CA$132.7M making its interest coverage ratio 4.9. It has cash and short-term investments of CA$2.0M.
Key information
70.3%
Debt to equity ratio
CA$353.83m
Debt
Interest coverage ratio | 4.9x |
Cash | CA$2.04m |
Equity | CA$503.59m |
Total liabilities | CA$1.07b |
Total assets | CA$1.58b |
Recent financial health updates
Wajax (TSE:WJX) Seems To Use Debt Quite Sensibly
Jun 17Here's Why Wajax (TSE:WJX) Can Manage Its Debt Responsibly
Mar 09Wajax (TSE:WJX) Seems To Use Debt Quite Sensibly
Jul 10Wajax (TSE:WJX) Has A Somewhat Strained Balance Sheet
Mar 02Recent updates
Wajax Corporation's (TSE:WJX) Subdued P/E Might Signal An Opportunity
May 03Investors Shouldn't Be Too Comfortable With Wajax's (TSE:WJX) Earnings
Mar 13Wajax (TSE:WJX) Will Pay A Dividend Of CA$0.25
Nov 12Wajax (TSE:WJX) Has Announced A Dividend Of CA$0.25
Aug 11Does This Valuation Of Wajax Corporation (TSE:WJX) Imply Investors Are Overpaying?
Jul 22Wajax (TSE:WJX) Seems To Use Debt Quite Sensibly
Jun 17Wajax (TSE:WJX) Is Due To Pay A Dividend Of CA$0.25
May 21Wajax (TSE:WJX) Is Due To Pay A Dividend Of CA$0.25
May 07Here's Why Wajax (TSE:WJX) Can Manage Its Debt Responsibly
Mar 09Wajax (TSE:WJX) Will Pay A Dividend Of CA$0.25
Nov 06Wajax (TSE:WJX) Has Affirmed Its Dividend Of CA$0.25
Aug 12Wajax (TSE:WJX) Seems To Use Debt Quite Sensibly
Jul 10Shareholders May Be More Conservative With Wajax Corporation's (TSE:WJX) CEO Compensation For Now
Apr 28Is Wajax Corporation (TSE:WJX) A Great Dividend Stock?
Mar 29There May Be Reason For Hope In Wajax's (TSE:WJX) Disappointing Earnings
Mar 08Here's What We Like About Wajax's (TSE:WJX) Upcoming Dividend
Mar 07Wajax (TSE:WJX) Has A Somewhat Strained Balance Sheet
Mar 02Did You Participate In Any Of Wajax's (TSE:WJX) Respectable 81% Return?
Feb 08Is Wajax Corporation's (TSE:WJX) Stock's Recent Performance Being Led By Its Attractive Financial Prospects?
Jan 19Our Take On The Returns On Capital At Wajax (TSE:WJX)
Dec 23Wajax Corporation (TSE:WJX) Pays A CA$0.25 Dividend In Just Three Days
Dec 10Financial Position Analysis
Short Term Liabilities: WJX's short term assets (CA$1.1B) exceed its short term liabilities (CA$594.6M).
Long Term Liabilities: WJX's short term assets (CA$1.1B) exceed its long term liabilities (CA$477.1M).
Debt to Equity History and Analysis
Debt Level: WJX's net debt to equity ratio (69.9%) is considered high.
Reducing Debt: WJX's debt to equity ratio has reduced from 93.2% to 70.3% over the past 5 years.
Debt Coverage: WJX's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: WJX's interest payments on its debt are well covered by EBIT (4.9x coverage).