Western Investment Company of Canada Balance Sheet Health
Financial Health criteria checks 3/6
Western Investment Company of Canada has a total shareholder equity of CA$12.4M and total debt of CA$7.3M, which brings its debt-to-equity ratio to 58.8%. Its total assets and total liabilities are CA$20.0M and CA$7.6M respectively. Western Investment Company of Canada's EBIT is CA$354.3K making its interest coverage ratio 0.4. It has cash and short-term investments of CA$6.1K.
Key information
58.8%
Debt to equity ratio
CA$7.29m
Debt
| Interest coverage ratio | 0.4x |
| Cash | CA$6.15k |
| Equity | CA$12.41m |
| Total liabilities | CA$7.59m |
| Total assets | CA$20.00m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1KC's short term assets (CA$662.8K) exceed its short term liabilities (CA$297.8K).
Long Term Liabilities: 1KC's short term assets (CA$662.8K) do not cover its long term liabilities (CA$7.3M).
Debt to Equity History and Analysis
Debt Level: 1KC's net debt to equity ratio (58.7%) is considered high.
Reducing Debt: 1KC's debt to equity ratio has increased from 26.4% to 58.8% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: 1KC has sufficient cash runway for 0 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: 1KC is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.