Wintermar Offshore Marine Balance Sheet Health
Financial Health criteria checks 6/6
Wintermar Offshore Marine has a total shareholder equity of $189.1M and total debt of $25.6M, which brings its debt-to-equity ratio to 13.5%. Its total assets and total liabilities are $231.3M and $42.2M respectively. Wintermar Offshore Marine's EBIT is $15.0M making its interest coverage ratio 22.7. It has cash and short-term investments of $29.4M.
Key information
13.5%
Debt to equity ratio
US$25.58m
Debt
| Interest coverage ratio | 22.7x |
| Cash | US$29.41m |
| Equity | US$189.14m |
| Total liabilities | US$42.16m |
| Total assets | US$231.30m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WINS's short term assets ($71.7M) exceed its short term liabilities ($23.8M).
Long Term Liabilities: WINS's short term assets ($71.7M) exceed its long term liabilities ($18.4M).
Debt to Equity History and Analysis
Debt Level: WINS has more cash than its total debt.
Reducing Debt: WINS's debt to equity ratio has reduced from 44.1% to 13.5% over the past 5 years.
Debt Coverage: WINS's debt is well covered by operating cash flow (90.9%).
Interest Coverage: WINS's interest payments on its debt are well covered by EBIT (22.7x coverage).