WEC Energy Group Balance Sheet Health
Financial Health criteria checks 0/6
WEC Energy Group has a total shareholder equity of $12.4B and total debt of $18.7B, which brings its debt-to-equity ratio to 150.6%. Its total assets and total liabilities are $44.6B and $32.2B respectively. WEC Energy Group's EBIT is $2.3B making its interest coverage ratio 2.9. It has cash and short-term investments of $224.0M.
Key information
150.6%
Debt to equity ratio
US$18.66b
Debt
| Interest coverage ratio | 2.9x |
| Cash | US$224.00m |
| Equity | US$12.39b |
| Total liabilities | US$32.19b |
| Total assets | US$44.58b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WIC's short term assets ($2.6B) do not cover its short term liabilities ($3.5B).
Long Term Liabilities: WIC's short term assets ($2.6B) do not cover its long term liabilities ($28.7B).
Debt to Equity History and Analysis
Debt Level: WIC's net debt to equity ratio (148.8%) is considered high.
Reducing Debt: WIC's debt to equity ratio has increased from 117.6% to 150.6% over the past 5 years.
Debt Coverage: WIC's debt is not well covered by operating cash flow (17%).
Interest Coverage: WIC's interest payments on its debt are not well covered by EBIT (2.9x coverage).