Wolverine World Wide Balance Sheet Health
Financial Health criteria checks 2/6
Wolverine World Wide has a total shareholder equity of $260.1M and total debt of $856.9M, which brings its debt-to-equity ratio to 329.5%. Its total assets and total liabilities are $1.9B and $1.6B respectively. Wolverine World Wide's EBIT is $4.7M making its interest coverage ratio 0.1. It has cash and short-term investments of $169.7M.
Key information
329.5%
Debt to equity ratio
US$856.90m
Debt
Interest coverage ratio | 0.08x |
Cash | US$169.70m |
Equity | US$260.10m |
Total liabilities | US$1.59b |
Total assets | US$1.85b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WW4's short term assets ($825.9M) exceed its short term liabilities ($730.3M).
Long Term Liabilities: WW4's short term assets ($825.9M) do not cover its long term liabilities ($862.6M).
Debt to Equity History and Analysis
Debt Level: WW4's net debt to equity ratio (264.2%) is considered high.
Reducing Debt: WW4's debt to equity ratio has increased from 84.1% to 329.5% over the past 5 years.
Debt Coverage: WW4's debt is well covered by operating cash flow (21.3%).
Interest Coverage: WW4's interest payments on its debt are not well covered by EBIT (0.1x coverage).