Wajax Balance Sheet Health
Financial Health criteria checks 4/6
Wajax has a total shareholder equity of CA$496.2M and total debt of CA$325.5M, which brings its debt-to-equity ratio to 65.6%. Its total assets and total liabilities are CA$1.5B and CA$977.1M respectively. Wajax's EBIT is CA$135.5M making its interest coverage ratio 5.2. It has cash and short-term investments of CA$3.9M.
Key information
65.6%
Debt to equity ratio
CA$325.49m
Debt
| Interest coverage ratio | 5.2x |
| Cash | CA$3.93m |
| Equity | CA$496.24m |
| Total liabilities | CA$977.08m |
| Total assets | CA$1.47b |
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
Investors 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$1.0B) exceed its short term liabilities (CA$483.4M).
Long Term Liabilities: WJX's short term assets (CA$1.0B) exceed its long term liabilities (CA$493.7M).
Debt to Equity History and Analysis
Debt Level: WJX's net debt to equity ratio (64.8%) is considered high.
Reducing Debt: WJX's debt to equity ratio has reduced from 74.8% to 65.6% 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 (5.2x coverage).