West African Resources Balance Sheet Health
Financial Health criteria checks 6/6
West African Resources has a total shareholder equity of A$992.0M and total debt of A$367.3M, which brings its debt-to-equity ratio to 37%. Its total assets and total liabilities are A$1.6B and A$583.2M respectively. West African Resources's EBIT is A$269.9M making its interest coverage ratio 35.7. It has cash and short-term investments of A$425.1M.
Key information
37.0%
Debt to equity ratio
AU$367.27m
Debt
| Interest coverage ratio | 35.7x |
| Cash | AU$425.14m |
| Equity | AU$992.00m |
| Total liabilities | AU$583.16m |
| Total assets | AU$1.58b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: W25's short term assets (A$631.4M) exceed its short term liabilities (A$150.3M).
Long Term Liabilities: W25's short term assets (A$631.4M) exceed its long term liabilities (A$432.9M).
Debt to Equity History and Analysis
Debt Level: W25 has more cash than its total debt.
Reducing Debt: W25's debt to equity ratio has reduced from 158.9% to 37% over the past 5 years.
Debt Coverage: W25's debt is well covered by operating cash flow (58.6%).
Interest Coverage: W25's interest payments on its debt are well covered by EBIT (35.7x coverage).