W&T Offshore Balance Sheet Health
Financial Health criteria checks 3/6
W&T Offshore has a total shareholder equity of $31.2M and total debt of $390.6M, which brings its debt-to-equity ratio to 1252.3%. Its total assets and total liabilities are $1.1B and $1.1B respectively. W&T Offshore's EBIT is $27.3M making its interest coverage ratio 0.6. It has cash and short-term investments of $173.3M.
Key information
1,252.3%
Debt to equity ratio
US$390.60m
Debt
Interest coverage ratio | 0.6x |
Cash | US$173.34m |
Equity | US$31.19m |
Total liabilities | US$1.08b |
Total assets | US$1.11b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: UWV's short term assets ($265.0M) exceed its short term liabilities ($216.9M).
Long Term Liabilities: UWV's short term assets ($265.0M) do not cover its long term liabilities ($866.0M).
Debt to Equity History and Analysis
Debt Level: UWV's net debt to equity ratio (696.5%) is considered high.
Reducing Debt: UWV had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: UWV's debt is well covered by operating cash flow (29.5%).
Interest Coverage: UWV's interest payments on its debt are not well covered by EBIT (0.6x coverage).