Wigton Windfarm Balance Sheet Health
Financial Health criteria checks 5/6
Wigton Windfarm has a total shareholder equity of JMD4.9B and total debt of JMD4.0B, which brings its debt-to-equity ratio to 82.2%. Its total assets and total liabilities are JMD10.3B and JMD5.4B respectively. Wigton Windfarm's EBIT is JMD418.7M making its interest coverage ratio 2.1. It has cash and short-term investments of JMD3.5B.
Key information
82.2%
Debt to equity ratio
JA$4.05b
Debt
Interest coverage ratio | 2.1x |
Cash | JA$3.52b |
Equity | JA$4.92b |
Total liabilities | JA$5.39b |
Total assets | JA$10.31b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WIG's short term assets (JMD4.5B) exceed its short term liabilities (JMD1.0B).
Long Term Liabilities: WIG's short term assets (JMD4.5B) exceed its long term liabilities (JMD4.4B).
Debt to Equity History and Analysis
Debt Level: WIG's net debt to equity ratio (10.6%) is considered satisfactory.
Reducing Debt: WIG's debt to equity ratio has reduced from 238.5% to 82.2% over the past 5 years.
Debt Coverage: WIG's debt is well covered by operating cash flow (29.6%).
Interest Coverage: WIG's interest payments on its debt are not well covered by EBIT (2.1x coverage).