WesCan Energy Balance Sheet Health
Financial Health criteria checks 0/6
WesCan Energy has a total shareholder equity of CA$1.5M and total debt of CA$2.3M, which brings its debt-to-equity ratio to 150.5%. Its total assets and total liabilities are CA$6.3M and CA$4.8M respectively. WesCan Energy's EBIT is CA$959.0 making its interest coverage ratio 0. It has cash and short-term investments of CA$200.1K.
Key information
150.5%
Debt to equity ratio
CA$2.29m
Debt
| Interest coverage ratio | 0.006x |
| Cash | CA$200.11k |
| Equity | CA$1.52m |
| Total liabilities | CA$4.80m |
| Total assets | CA$6.32m |
Recent financial health updates
No updates
Recent updates
Here's Why We Think WesCan Energy (CVE:WCE) Is Well Worth Watching
Jul 27
Subdued Growth No Barrier To WesCan Energy Corp. (CVE:WCE) With Shares Advancing 50%
Jun 21Benign Growth For WesCan Energy Corp. (CVE:WCE) Underpins Stock's 29% Plummet
Apr 30WesCan Energy Corp.'s (CVE:WCE) 33% Dip In Price Shows Sentiment Is Matching Earnings
Mar 08Shareholders Would Not Be Objecting To WesCan Energy Corp.'s (CVE:WCE) CEO Compensation And Here's Why
Sep 22A Look At The Fair Value Of WesCan Energy Corp. (CVE:WCE)
Sep 11How Much Is WesCan Energy Corp. (CVE:WCE) CEO Getting Paid?
Dec 23
Financial Position Analysis
Short Term Liabilities: WCE's short term assets (CA$723.0K) do not cover its short term liabilities (CA$1.6M).
Long Term Liabilities: WCE's short term assets (CA$723.0K) do not cover its long term liabilities (CA$3.2M).
Debt to Equity History and Analysis
Debt Level: WCE's net debt to equity ratio (137.3%) is considered high.
Reducing Debt: WCE's debt to equity ratio has increased from 26.7% to 150.5% over the past 5 years.
Debt Coverage: WCE's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: WCE's interest payments on its debt are not well covered by EBIT (0x coverage).