Waste Connections Balance Sheet Health
Financial Health criteria checks 2/6
Waste Connections has a total shareholder equity of $8.4B and total debt of $8.3B, which brings its debt-to-equity ratio to 99.9%. Its total assets and total liabilities are $20.7B and $12.3B respectively. Waste Connections's EBIT is $1.3B making its interest coverage ratio 4. It has cash and short-term investments of $115.6M.
Key information
99.90%
Debt to equity ratio
US$8.34b
Debt
| Interest coverage ratio | 4x |
| Cash | US$115.64m |
| Equity | US$8.35b |
| Total liabilities | US$12.32b |
| Total assets | US$20.68b |
Recent financial health updates
Waste Connections (NYSE:WCN) Seems To Use Debt Quite Sensibly
Sep 22
We Think Waste Connections (NYSE:WCN) Can Stay On Top Of Its Debt
May 21Recent updates
Waste Connections (NYSE:WCN) Seems To Use Debt Quite Sensibly
Sep 22Why We're Not Concerned About Waste Connections, Inc.'s (NYSE:WCN) Share Price
Aug 26Slowing Rates Of Return At Waste Connections (NYSE:WCN) Leave Little Room For Excitement
Jul 07Waste Connections: A Solid Leader In Waste Management, Yet Fully Priced For Perfection
Jul 02We Think Waste Connections (NYSE:WCN) Can Stay On Top Of Its Debt
May 21The Returns At Waste Connections (NYSE:WCN) Aren't Growing
Apr 06Should You Investigate Waste Connections, Inc. (NYSE:WCN) At US$189?
Mar 23There May Be Some Bright Spots In Waste Connections' (NYSE:WCN) Earnings
Feb 24Waste Connections, Inc.'s (NYSE:WCN) Earnings Haven't Escaped The Attention Of Investors
Feb 10Waste Connections: Hauling Trash And Stacking Cash
Jan 20Here's Why We Think Waste Connections (NYSE:WCN) Is Well Worth Watching
Jan 15Pricey, But Waste Connections Still A Good Deal
Jan 09Slowing Rates Of Return At Waste Connections (NYSE:WCN) Leave Little Room For Excitement
Dec 19A Look At The Fair Value Of Waste Connections, Inc. (NYSE:WCN)
Nov 22Waste Connections: Great Business, Poor Valuation
Oct 28Waste Connections, Inc. (NYSE:WCN) Just Released Its Third-Quarter Earnings: Here's What Analysts Think
Oct 28Waste Connections: Waste Margin Improved 80-90bps
Sep 08Waste Connections Q4: Strong Pricing Growth And Reduced Wage Inflation Pressure
Mar 06Waste Connections: Concerns Despite A Great Track Record
Jan 02Waste Connections: Revenue Growth And Margin Expansion Signaling Strong Future Performance
Oct 31Waste Connections: A Decentralized Operation With High Revenue Quality
Oct 13Waste Connections: Pricing Power, Margin Improvement Initiatives Drive A Positive Business Outlook
Sep 12Waste Connections Stock: Highly Attractive Business But Not So Much For The Valuation
Aug 08Financial Position Analysis
Short Term Liabilities: WCN's short term assets ($1.3B) do not cover its short term liabilities ($2.0B).
Long Term Liabilities: WCN's short term assets ($1.3B) do not cover its long term liabilities ($10.3B).
Debt to Equity History and Analysis
Debt Level: WCN's net debt to equity ratio (98.5%) is considered high.
Reducing Debt: WCN's debt to equity ratio has increased from 74.3% to 99.9% over the past 5 years.
Debt Coverage: WCN's debt is well covered by operating cash flow (27.6%).
Interest Coverage: WCN's interest payments on its debt are well covered by EBIT (4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/10/05 08:07 |
| End of Day Share Price | 2025/10/03 00:00 |
| Earnings | 2025/06/30 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Waste Connections, Inc. is covered by 47 analysts. 24 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Harriet Li | Accountability Research Corporation |
| Christopher Murray | ATB Capital Markets |
| Jonathan Windham | Barclays |