Whitehaven Coal Balance Sheet Health
Financial Health criteria checks 3/6
Whitehaven Coal has a total shareholder equity of A$5.3B and total debt of A$1.6B, which brings its debt-to-equity ratio to 30.9%. Its total assets and total liabilities are A$12.9B and A$7.6B respectively. Whitehaven Coal's EBIT is A$969.0M making its interest coverage ratio -69.2. It has cash and short-term investments of A$405.0M.
Key information
30.9%
Debt to equity ratio
AU$1.63b
Debt
| Interest coverage ratio | -69.2x |
| Cash | AU$405.00m |
| Equity | AU$5.27b |
| Total liabilities | AU$7.58b |
| Total assets | AU$12.85b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WC2's short term assets (A$1.5B) do not cover its short term liabilities (A$2.1B).
Long Term Liabilities: WC2's short term assets (A$1.5B) do not cover its long term liabilities (A$5.4B).
Debt to Equity History and Analysis
Debt Level: WC2's net debt to equity ratio (23.2%) is considered satisfactory.
Reducing Debt: WC2's debt to equity ratio has increased from 4.9% to 30.9% over the past 5 years.
Debt Coverage: WC2's debt is well covered by operating cash flow (20.1%).
Interest Coverage: WC2 earns more interest than it pays, so coverage of interest payments is not a concern.