Wigton Energy Balance Sheet Health
Financial Health criteria checks 6/6
Wigton Energy has a total shareholder equity of JMD5.4B and total debt of JMD3.5B, which brings its debt-to-equity ratio to 63.9%. Its total assets and total liabilities are JMD10.3B and JMD4.9B respectively. Wigton Energy's EBIT is JMD800.4M making its interest coverage ratio 5. It has cash and short-term investments of JMD3.1B.
Key information
63.9%
Debt to equity ratio
JA$3.46b
Debt
| Interest coverage ratio | 5x |
| Cash | JA$3.10b |
| Equity | JA$5.41b |
| Total liabilities | JA$4.87b |
| Total assets | JA$10.28b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WIG's short term assets (JMD4.6B) exceed its short term liabilities (JMD1.1B).
Long Term Liabilities: WIG's short term assets (JMD4.6B) exceed its long term liabilities (JMD3.8B).
Debt to Equity History and Analysis
Debt Level: WIG's net debt to equity ratio (6.6%) is considered satisfactory.
Reducing Debt: WIG's debt to equity ratio has reduced from 182.8% to 63.9% over the past 5 years.
Debt Coverage: WIG's debt is well covered by operating cash flow (25.3%).
Interest Coverage: WIG's interest payments on its debt are well covered by EBIT (5x coverage).