Wajax Balance Sheet Health
Financial Health criteria checks 4/6
Wajax has a total shareholder equity of CA$496.2M and total debt of CA$325.5M, which brings its debt-to-equity ratio to 65.6%. Its total assets and total liabilities are CA$1.5B and CA$977.1M respectively. Wajax's EBIT is CA$135.5M making its interest coverage ratio 5.2. It has cash and short-term investments of CA$3.9M.
Key information
65.6%
Debt to equity ratio
CA$325.49m
Debt
Interest coverage ratio | 5.2x |
Cash | CA$3.93m |
Equity | CA$496.24m |
Total liabilities | CA$977.08m |
Total assets | CA$1.47b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 5WJ's short term assets (CA$1.0B) exceed its short term liabilities (CA$483.4M).
Long Term Liabilities: 5WJ's short term assets (CA$1.0B) exceed its long term liabilities (CA$493.7M).
Debt to Equity History and Analysis
Debt Level: 5WJ's net debt to equity ratio (64.8%) is considered high.
Reducing Debt: 5WJ's debt to equity ratio has reduced from 74.8% to 65.6% over the past 5 years.
Debt Coverage: 5WJ's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 5WJ's interest payments on its debt are well covered by EBIT (5.2x coverage).