Wajax Balance Sheet Health
Financial Health criteria checks 3/6
Wajax has a total shareholder equity of CA$515.9M and total debt of CA$390.1M, which brings its debt-to-equity ratio to 75.6%. Its total assets and total liabilities are CA$1.6B and CA$1.0B respectively. Wajax's EBIT is CA$112.2M making its interest coverage ratio 2.7. It has cash and short-term investments of CA$2.8M.
Key information
75.6%
Debt to equity ratio
CA$390.08m
Debt
| Interest coverage ratio | 2.7x |
| Cash | CA$2.80m |
| Equity | CA$515.91m |
| Total liabilities | CA$1.04b |
| Total assets | CA$1.56b |
Recent financial health updates
Wajax (TSE:WJX) Seems To Use Debt Quite Sensibly
Jun 17
Here'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 19Financial Position Analysis
Short Term Liabilities: WJX's short term assets (CA$1.1B) exceed its short term liabilities (CA$521.4M).
Long Term Liabilities: WJX's short term assets (CA$1.1B) exceed its long term liabilities (CA$519.4M).
Debt to Equity History and Analysis
Debt Level: WJX's net debt to equity ratio (75.1%) is considered high.
Reducing Debt: WJX's debt to equity ratio has reduced from 93.3% to 75.6% over the past 5 years.
Debt Coverage: WJX's debt is not well covered by operating cash flow (10.9%).
Interest Coverage: WJX's interest payments on its debt are not well covered by EBIT (2.7x coverage).