Casella Waste Systems Balance Sheet Health
Financial Health criteria checks 4/6
Casella Waste Systems has a total shareholder equity of $1.5B and total debt of $1.0B, which brings its debt-to-equity ratio to 67.3%. Its total assets and total liabilities are $3.1B and $1.6B respectively. Casella Waste Systems's EBIT is $98.8M making its interest coverage ratio 1.9. It has cash and short-term investments of $522.0M.
Key information
67.3%
Debt to equity ratio
US$1.03b
Debt
| Interest coverage ratio | 1.9x |
| Cash | US$521.99m |
| Equity | US$1.53b |
| Total liabilities | US$1.59b |
| Total assets | US$3.12b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WA3's short term assets ($743.1M) exceed its short term liabilities ($291.3M).
Long Term Liabilities: WA3's short term assets ($743.1M) do not cover its long term liabilities ($1.3B).
Debt to Equity History and Analysis
Debt Level: WA3's net debt to equity ratio (33.3%) is considered satisfactory.
Reducing Debt: WA3's debt to equity ratio has reduced from 466.7% to 67.3% over the past 5 years.
Debt Coverage: WA3's debt is well covered by operating cash flow (23.9%).
Interest Coverage: WA3's interest payments on its debt are not well covered by EBIT (1.9x coverage).