WesCan Energy Balance Sheet Health
Financial Health criteria checks 1/6
WesCan Energy has a total shareholder equity of CA$1.8M and total debt of CA$2.0M, which brings its debt-to-equity ratio to 113.6%. Its total assets and total liabilities are CA$6.3M and CA$4.5M respectively. WesCan Energy's EBIT is CA$60.0K making its interest coverage ratio -0.7. It has cash and short-term investments of CA$136.1K.
Key information
113.6%
Debt to equity ratio
CA$2.03m
Debt
| Interest coverage ratio | -0.7x |
| Cash | CA$136.08k |
| Equity | CA$1.79m |
| Total liabilities | CA$4.48m |
| Total assets | CA$6.27m |
Recent financial health updates
No updates
Recent updates
Benign Growth For WesCan Energy Corp. (CVE:WCE) Underpins Stock's 29% Plummet
Apr 30
WesCan 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$323.5K) do not cover its short term liabilities (CA$2.7M).
Long Term Liabilities: WCE's short term assets (CA$323.5K) do not cover its long term liabilities (CA$1.8M).
Debt to Equity History and Analysis
Debt Level: WCE's net debt to equity ratio (106%) is considered high.
Reducing Debt: WCE's debt to equity ratio has increased from 25.2% to 113.6% over the past 5 years.
Debt Coverage: WCE's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: WCE earns more interest than it pays, so coverage of interest payments is not a concern.