Casella Waste Systems Balance Sheet Health
Financial Health criteria checks 3/6
Casella Waste Systems has a total shareholder equity of $1.0B and total debt of $990.2M, which brings its debt-to-equity ratio to 96.5%. Its total assets and total liabilities are $2.5B and $1.5B respectively. Casella Waste Systems's EBIT is $99.7M making its interest coverage ratio 2.3. It has cash and short-term investments of $196.7M.
Key information
96.5%
Debt to equity ratio
US$990.22m
Debt
Interest coverage ratio | 2.3x |
Cash | US$196.65m |
Equity | US$1.03b |
Total liabilities | US$1.45b |
Total assets | US$2.48b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WA3's short term assets ($385.4M) exceed its short term liabilities ($244.1M).
Long Term Liabilities: WA3's short term assets ($385.4M) do not cover its long term liabilities ($1.2B).
Debt to Equity History and Analysis
Debt Level: WA3's net debt to equity ratio (77.4%) is considered high.
Reducing Debt: WA3's debt to equity ratio has reduced from 562.3% to 96.5% over the past 5 years.
Debt Coverage: WA3's debt is well covered by operating cash flow (22.7%).
Interest Coverage: WA3's interest payments on its debt are not well covered by EBIT (2.3x coverage).