World Kinect Balance Sheet Health
Financial Health criteria checks 4/6
World Kinect has a total shareholder equity of $2.0B and total debt of $883.7M, which brings its debt-to-equity ratio to 45.1%. Its total assets and total liabilities are $7.2B and $5.2B respectively. World Kinect's EBIT is $236.9M making its interest coverage ratio 1.9. It has cash and short-term investments of $321.3M.
Key information
45.1%
Debt to equity ratio
US$883.70m
Debt
Interest coverage ratio | 1.9x |
Cash | US$321.30m |
Equity | US$1.96b |
Total liabilities | US$5.22b |
Total assets | US$7.17b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WFK's short term assets ($4.4B) exceed its short term liabilities ($3.9B).
Long Term Liabilities: WFK's short term assets ($4.4B) exceed its long term liabilities ($1.4B).
Debt to Equity History and Analysis
Debt Level: WFK's net debt to equity ratio (28.7%) is considered satisfactory.
Reducing Debt: WFK's debt to equity ratio has increased from 36.6% to 45.1% over the past 5 years.
Debt Coverage: WFK's debt is well covered by operating cash flow (27%).
Interest Coverage: WFK's interest payments on its debt are not well covered by EBIT (1.9x coverage).