Waste Management Balance Sheet Health
Financial Health criteria checks 2/6
Waste Management has a total shareholder equity of $8.0B and total debt of $15.8B, which brings its debt-to-equity ratio to 198%. Its total assets and total liabilities are $34.7B and $26.8B respectively. Waste Management's EBIT is $4.2B making its interest coverage ratio 8.1. It has cash and short-term investments of $614.0M.
Key information
198.0%
Debt to equity ratio
US$15.79b
Debt
| Interest coverage ratio | 8.1x |
| Cash | US$614.00m |
| Equity | US$7.97b |
| Total liabilities | US$26.76b |
| Total assets | US$34.73b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WMI *'s short term assets ($4.3B) do not cover its short term liabilities ($4.8B).
Long Term Liabilities: WMI *'s short term assets ($4.3B) do not cover its long term liabilities ($22.0B).
Debt to Equity History and Analysis
Debt Level: WMI *'s net debt to equity ratio (190.3%) is considered high.
Reducing Debt: WMI *'s debt to equity ratio has increased from 192% to 198% over the past 5 years.
Debt Coverage: WMI *'s debt is well covered by operating cash flow (33.3%).
Interest Coverage: WMI *'s interest payments on its debt are well covered by EBIT (8.1x coverage).