WashTec Balance Sheet Health
Financial Health criteria checks 5/6
WashTec has a total shareholder equity of €89.1M and total debt of €34.1M, which brings its debt-to-equity ratio to 38.3%. Its total assets and total liabilities are €263.1M and €174.0M respectively. WashTec's EBIT is €39.0M making its interest coverage ratio 10.6. It has cash and short-term investments of €17.9M.
Key information
38.3%
Debt to equity ratio
€34.12m
Debt
Interest coverage ratio | 10.6x |
Cash | €17.92m |
Equity | €89.15m |
Total liabilities | €174.00m |
Total assets | €263.15m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WSU's short term assets (€153.1M) exceed its short term liabilities (€144.7M).
Long Term Liabilities: WSU's short term assets (€153.1M) exceed its long term liabilities (€29.3M).
Debt to Equity History and Analysis
Debt Level: WSU's net debt to equity ratio (18.2%) is considered satisfactory.
Reducing Debt: WSU's debt to equity ratio has increased from 32.2% to 38.3% over the past 5 years.
Debt Coverage: WSU's debt is well covered by operating cash flow (174.6%).
Interest Coverage: WSU's interest payments on its debt are well covered by EBIT (10.6x coverage).