World Financial Split Balance Sheet Health
Financial Health criteria checks 3/6
World Financial Split has a total shareholder equity of CA$1.3M and total debt of CA$8.6M, which brings its debt-to-equity ratio to 662.6%. Its total assets and total liabilities are CA$10.0M and CA$8.7M respectively. World Financial Split's EBIT is CA$887.9K making its interest coverage ratio 1.9. It has cash and short-term investments of CA$9.9M.
Key information
662.6%
Debt to equity ratio
CA$8.62m
Debt
Interest coverage ratio | 1.9x |
Cash | CA$9.90m |
Equity | CA$1.30m |
Total liabilities | CA$8.71m |
Total assets | CA$10.01m |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: WFS's short term assets (CA$10.0M) exceed its short term liabilities (CA$8.7M).
Long Term Liabilities: WFS has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: WFS has more cash than its total debt.
Reducing Debt: WFS's debt to equity ratio has increased from 368.1% to 662.6% over the past 5 years.
Debt Coverage: WFS's debt is not well covered by operating cash flow (14.8%).
Interest Coverage: WFS's interest payments on its debt are not well covered by EBIT (1.9x coverage).