Waste Connections Balance Sheet Health
Financial Health criteria checks 2/6
Waste Connections has a total shareholder equity of $7.8B and total debt of $7.8B, which brings its debt-to-equity ratio to 100.3%. Its total assets and total liabilities are $19.1B and $11.3B respectively. Waste Connections's EBIT is $1.4B making its interest coverage ratio 5.1. It has cash and short-term investments of $130.5M.
Key information
100.3%
Debt to equity ratio
US$7.82b
Debt
Interest coverage ratio | 5.1x |
Cash | US$130.49m |
Equity | US$7.79b |
Total liabilities | US$11.29b |
Total assets | US$19.08b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WCN's short term assets ($1.2B) do not cover its short term liabilities ($1.6B).
Long Term Liabilities: WCN's short term assets ($1.2B) do not cover its long term liabilities ($9.7B).
Debt to Equity History and Analysis
Debt Level: WCN's net debt to equity ratio (98.7%) is considered high.
Reducing Debt: WCN's debt to equity ratio has increased from 63.8% to 100.3% over the past 5 years.
Debt Coverage: WCN's debt is well covered by operating cash flow (27.8%).
Interest Coverage: WCN's interest payments on its debt are well covered by EBIT (5.1x coverage).