Waste Management Balance Sheet Health
Financial Health criteria checks 2/6
Waste Management has a total shareholder equity of $7.1B and total debt of $15.3B, which brings its debt-to-equity ratio to 215.6%. Its total assets and total liabilities are $32.7B and $25.6B respectively. Waste Management's EBIT is $4.0B making its interest coverage ratio 7.9. It has cash and short-term investments of $322.0M.
Key information
215.6%
Debt to equity ratio
US$15.26b
Debt
Interest coverage ratio | 7.9x |
Cash | US$322.00m |
Equity | US$7.08b |
Total liabilities | US$25.59b |
Total assets | US$32.67b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0LTG's short term assets ($3.5B) do not cover its short term liabilities ($3.9B).
Long Term Liabilities: 0LTG's short term assets ($3.5B) do not cover its long term liabilities ($21.6B).
Debt to Equity History and Analysis
Debt Level: 0LTG's net debt to equity ratio (211%) is considered high.
Reducing Debt: 0LTG's debt to equity ratio has increased from 158.3% to 215.6% over the past 5 years.
Debt Coverage: 0LTG's debt is well covered by operating cash flow (33%).
Interest Coverage: 0LTG's interest payments on its debt are well covered by EBIT (7.9x coverage).