Wesdome Gold Mines Balance Sheet Health

Financial Health criteria checks 2/6

Wesdome Gold Mines has a total shareholder equity of CA$427.3M and total debt of CA$38.7M, which brings its debt-to-equity ratio to 9.1%. Its total assets and total liabilities are CA$619.0M and CA$191.7M respectively. Wesdome Gold Mines's EBIT is CA$5.4M making its interest coverage ratio 1.4. It has cash and short-term investments of CA$41.4M.

Key information

9.1%

Debt to equity ratio

CA$38.74m

Debt

Interest coverage ratio1.4x
CashCA$41.37m
EquityCA$427.30m
Total liabilitiesCA$191.66m
Total assetsCA$618.96m

Recent financial health updates

Recent updates

Earnings Miss: Wesdome Gold Mines Ltd. Missed EPS And Analysts Are Revising Their Forecasts

Mar 14
Earnings Miss: Wesdome Gold Mines Ltd. Missed EPS And Analysts Are Revising Their Forecasts

Does Wesdome Gold Mines (TSE:WDO) Have A Healthy Balance Sheet?

Mar 05
Does Wesdome Gold Mines (TSE:WDO) Have A Healthy Balance Sheet?

Shareholders Should Be Pleased With Wesdome Gold Mines Ltd.'s (TSE:WDO) Price

Jan 09
Shareholders Should Be Pleased With Wesdome Gold Mines Ltd.'s (TSE:WDO) Price

Is Wesdome Gold Mines Ltd. (TSE:WDO) Trading At A 24% Discount?

Oct 19
Is Wesdome Gold Mines Ltd. (TSE:WDO) Trading At A 24% Discount?

Wesdome Gold Mines (TSE:WDO) Might Be Having Difficulty Using Its Capital Effectively

Sep 22
Wesdome Gold Mines (TSE:WDO) Might Be Having Difficulty Using Its Capital Effectively

Capital Allocation Trends At Wesdome Gold Mines (TSE:WDO) Aren't Ideal

May 24
Capital Allocation Trends At Wesdome Gold Mines (TSE:WDO) Aren't Ideal

Here's Why Wesdome Gold Mines (TSE:WDO) Has A Meaningful Debt Burden

Apr 14
Here's Why Wesdome Gold Mines (TSE:WDO) Has A Meaningful Debt Burden

Need To Know: The Consensus Just Cut Its Wesdome Gold Mines Ltd. (TSE:WDO) Estimates For 2023

Jan 25
Need To Know: The Consensus Just Cut Its Wesdome Gold Mines Ltd. (TSE:WDO) Estimates For 2023

Does This Valuation Of Wesdome Gold Mines Ltd. (TSE:WDO) Imply Investors Are Overpaying?

Dec 19
Does This Valuation Of Wesdome Gold Mines Ltd. (TSE:WDO) Imply Investors Are Overpaying?

Wesdome Gold Mines (TSE:WDO) Is Experiencing Growth In Returns On Capital

Nov 03
Wesdome Gold Mines (TSE:WDO) Is Experiencing Growth In Returns On Capital

Wesdome Gold Mines Ltd. (TSE:WDO) Analysts Just Slashed This Year's Revenue Estimates By 17%

Aug 16
Wesdome Gold Mines Ltd. (TSE:WDO) Analysts Just Slashed This Year's Revenue Estimates By 17%

Under The Bonnet, Wesdome Gold Mines' (TSE:WDO) Returns Look Impressive

Jul 22
Under The Bonnet, Wesdome Gold Mines' (TSE:WDO) Returns Look Impressive

If EPS Growth Is Important To You, Wesdome Gold Mines (TSE:WDO) Presents An Opportunity

Jun 19
If EPS Growth Is Important To You, Wesdome Gold Mines (TSE:WDO) Presents An Opportunity

Wesdome Gold Mines (TSE:WDO) Is Achieving High Returns On Its Capital

Apr 14
Wesdome Gold Mines (TSE:WDO) Is Achieving High Returns On Its Capital

If You Like EPS Growth Then Check Out Wesdome Gold Mines (TSE:WDO) Before It's Too Late

Mar 17
If You Like EPS Growth Then Check Out Wesdome Gold Mines (TSE:WDO) Before It's Too Late

Wesdome Gold Mines (TSE:WDO) Is Doing The Right Things To Multiply Its Share Price

Jan 14
Wesdome Gold Mines (TSE:WDO) Is Doing The Right Things To Multiply Its Share Price

Here's Why I Think Wesdome Gold Mines (TSE:WDO) Might Deserve Your Attention Today

Dec 09
Here's Why I Think Wesdome Gold Mines (TSE:WDO) Might Deserve Your Attention Today

Financial Position Analysis

Short Term Liabilities: WDO's short term assets (CA$82.2M) do not cover its short term liabilities (CA$89.1M).

Long Term Liabilities: WDO's short term assets (CA$82.2M) do not cover its long term liabilities (CA$102.5M).


Debt to Equity History and Analysis

Debt Level: WDO has more cash than its total debt.

Reducing Debt: WDO's debt to equity ratio has increased from 0% to 9.1% over the past 5 years.

Debt Coverage: WDO's debt is well covered by operating cash flow (261.6%).

Interest Coverage: WDO's interest payments on its debt are not well covered by EBIT (1.4x coverage).


Balance Sheet


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