World Acceptance Balance Sheet Health
Financial Health criteria checks 5/6
World Acceptance has a total shareholder equity of $417.5M and total debt of $504.9M, which brings its debt-to-equity ratio to 121%. Its total assets and total liabilities are $1.0B and $631.7M respectively. World Acceptance's EBIT is $150.4M making its interest coverage ratio 3.4. It has cash and short-term investments of $9.7M.
Key information
121.0%
Debt to equity ratio
US$504.94m
Debt
| Interest coverage ratio | 3.4x |
| Cash | US$9.75m |
| Equity | US$417.46m |
| Total liabilities | US$631.70m |
| Total assets | US$1.05b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WOA's short term assets ($857.2M) exceed its short term liabilities ($55.9M).
Long Term Liabilities: WOA's short term assets ($857.2M) exceed its long term liabilities ($575.8M).
Debt to Equity History and Analysis
Debt Level: WOA's net debt to equity ratio (118.6%) is considered high.
Reducing Debt: WOA's debt to equity ratio has reduced from 131.4% to 121% over the past 5 years.
Debt Coverage: WOA's debt is well covered by operating cash flow (48.5%).
Interest Coverage: WOA's interest payments on its debt are well covered by EBIT (3.4x coverage).