WD-40 Balance Sheet Health
Financial Health criteria checks 6/6
WD-40 has a total shareholder equity of $216.3M and total debt of $115.7M, which brings its debt-to-equity ratio to 53.5%. Its total assets and total liabilities are $442.0M and $225.7M respectively. WD-40's EBIT is $94.0M making its interest coverage ratio 19.5. It has cash and short-term investments of $55.4M.
Key information
53.5%
Debt to equity ratio
US$115.68m
Debt
Interest coverage ratio | 19.5x |
Cash | US$55.44m |
Equity | US$216.28m |
Total liabilities | US$225.74m |
Total assets | US$442.02m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WD1's short term assets ($250.5M) exceed its short term liabilities ($110.4M).
Long Term Liabilities: WD1's short term assets ($250.5M) exceed its long term liabilities ($115.3M).
Debt to Equity History and Analysis
Debt Level: WD1's net debt to equity ratio (27.9%) is considered satisfactory.
Reducing Debt: WD1's debt to equity ratio has reduced from 57.3% to 53.5% over the past 5 years.
Debt Coverage: WD1's debt is well covered by operating cash flow (105.8%).
Interest Coverage: WD1's interest payments on its debt are well covered by EBIT (19.5x coverage).