Western Investment Company of Canada Balance Sheet Health
Financial Health criteria checks 0/6
Western Investment Company of Canada has a total shareholder equity of CA$12.8M and total debt of CA$6.7M, which brings its debt-to-equity ratio to 52.6%. Its total assets and total liabilities are CA$19.9M and CA$7.1M respectively. Western Investment Company of Canada's EBIT is CA$1.2M making its interest coverage ratio 1.5. It has cash and short-term investments of CA$618.7K.
Key information
52.6%
Debt to equity ratio
CA$6.73m
Debt
Interest coverage ratio | 1.5x |
Cash | CA$618.67k |
Equity | CA$12.78m |
Total liabilities | CA$7.08m |
Total assets | CA$19.86m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: WI's short term assets (CA$656.1K) do not cover its short term liabilities (CA$1.5M).
Long Term Liabilities: WI's short term assets (CA$656.1K) do not cover its long term liabilities (CA$5.6M).
Debt to Equity History and Analysis
Debt Level: WI's net debt to equity ratio (47.8%) is considered high.
Reducing Debt: WI's debt to equity ratio has increased from 9.4% to 52.6% over the past 5 years.
Debt Coverage: WI's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: WI's interest payments on its debt are not well covered by EBIT (1.5x coverage).