Wintermar Offshore Marine Balance Sheet Health
Financial Health criteria checks 6/6
Wintermar Offshore Marine has a total shareholder equity of $161.9M and total debt of $16.7M, which brings its debt-to-equity ratio to 10.3%. Its total assets and total liabilities are $194.8M and $32.9M respectively. Wintermar Offshore Marine's EBIT is $8.2M making its interest coverage ratio 7.1. It has cash and short-term investments of $9.3M.
Key information
10.3%
Debt to equity ratio
US$16.70m
Debt
Interest coverage ratio | 7.1x |
Cash | US$9.33m |
Equity | US$161.92m |
Total liabilities | US$32.88m |
Total assets | US$194.80m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WINS's short term assets ($43.3M) exceed its short term liabilities ($20.2M).
Long Term Liabilities: WINS's short term assets ($43.3M) exceed its long term liabilities ($12.7M).
Debt to Equity History and Analysis
Debt Level: WINS's net debt to equity ratio (4.6%) is considered satisfactory.
Reducing Debt: WINS's debt to equity ratio has reduced from 46.8% to 10.3% over the past 5 years.
Debt Coverage: WINS's debt is well covered by operating cash flow (138.4%).
Interest Coverage: WINS's interest payments on its debt are well covered by EBIT (7.1x coverage).