Westaim Balance Sheet Health
Financial Health criteria checks 6/6
Westaim has a total shareholder equity of $507.3M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $551.6M and $44.3M respectively. Westaim's EBIT is $66.0M making its interest coverage ratio 786.2. It has cash and short-term investments of $514.7M.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | 786.2x |
| Cash | US$514.68m |
| Equity | US$507.33m |
| Total liabilities | US$44.27m |
| Total assets | US$551.60m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: WED's short term assets ($516.7M) exceed its short term liabilities ($44.3M).
Long Term Liabilities: WED has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: WED is debt free.
Reducing Debt: WED has no debt compared to 5 years ago when its debt to equity ratio was 10.5%.
Debt Coverage: WED has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: WED has no debt, therefore coverage of interest payments is not a concern.