Wesfarmers Balance Sheet Health
Financial Health criteria checks 3/6
Wesfarmers has a total shareholder equity of A$8.4B and total debt of A$4.3B, which brings its debt-to-equity ratio to 51.3%. Its total assets and total liabilities are A$27.3B and A$18.9B respectively. Wesfarmers's EBIT is A$3.8B making its interest coverage ratio 10.5. It has cash and short-term investments of A$804.0M.
Key information
51.3%
Debt to equity ratio
AU$4.32b
Debt
Interest coverage ratio | 10.5x |
Cash | AU$804.00m |
Equity | AU$8.42b |
Total liabilities | AU$18.87b |
Total assets | AU$27.29b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WF3's short term assets (A$9.2B) exceed its short term liabilities (A$8.5B).
Long Term Liabilities: WF3's short term assets (A$9.2B) do not cover its long term liabilities (A$10.3B).
Debt to Equity History and Analysis
Debt Level: WF3's net debt to equity ratio (41.8%) is considered high.
Reducing Debt: WF3's debt to equity ratio has increased from 30.8% to 51.3% over the past 5 years.
Debt Coverage: WF3's debt is well covered by operating cash flow (118.1%).
Interest Coverage: WF3's interest payments on its debt are well covered by EBIT (10.5x coverage).