WD-40 Balance Sheet Health

Financial Health criteria checks 6/6

WD-40 has a total shareholder equity of $215.9M and total debt of $110.6M, which brings its debt-to-equity ratio to 51.2%. Its total assets and total liabilities are $430.6M and $214.7M respectively. WD-40's EBIT is $95.2M making its interest coverage ratio 17.9. It has cash and short-term investments of $50.3M.

Key information

51.2%

Debt to equity ratio

US$110.63m

Debt

Interest coverage ratio17.9x
CashUS$50.32m
EquityUS$215.93m
Total liabilitiesUS$214.67m
Total assetsUS$430.61m

Recent financial health updates

Recent updates

What WD-40 Company's (NASDAQ:WDFC) P/E Is Not Telling You

Feb 28
What WD-40 Company's (NASDAQ:WDFC) P/E Is Not Telling You

We Think WD-40 (NASDAQ:WDFC) Can Stay On Top Of Its Debt

Feb 07
We Think WD-40 (NASDAQ:WDFC) Can Stay On Top Of Its Debt

We Like WD-40's (NASDAQ:WDFC) Earnings For More Than Just Statutory Profit

Jan 17
We Like WD-40's (NASDAQ:WDFC) Earnings For More Than Just Statutory Profit

WD-40 (NASDAQ:WDFC) Will Pay A Larger Dividend Than Last Year At $0.88

Jan 11
WD-40 (NASDAQ:WDFC) Will Pay A Larger Dividend Than Last Year At $0.88

WD-40 Company: Even A Stellar Quarter Can't Grease These Wheels

Jan 10

WD-40 (NASDAQ:WDFC) Could Be Struggling To Allocate Capital

Jan 06
WD-40 (NASDAQ:WDFC) Could Be Struggling To Allocate Capital

WD-40 (NASDAQ:WDFC) Has Announced That It Will Be Increasing Its Dividend To $0.88

Dec 16
WD-40 (NASDAQ:WDFC) Has Announced That It Will Be Increasing Its Dividend To $0.88

Here's Why WD-40 (NASDAQ:WDFC) Can Manage Its Debt Responsibly

Oct 11
Here's Why WD-40 (NASDAQ:WDFC) Can Manage Its Debt Responsibly

Investors Shouldn't Overlook The Favourable Returns On Capital At WD-40 (NASDAQ:WDFC)

Sep 08
Investors Shouldn't Overlook The Favourable Returns On Capital At WD-40 (NASDAQ:WDFC)

WD-40 (NASDAQ:WDFC) Seems To Use Debt Quite Sensibly

Jul 11
WD-40 (NASDAQ:WDFC) Seems To Use Debt Quite Sensibly

Here's What To Make Of WD-40's (NASDAQ:WDFC) Decelerating Rates Of Return

Jun 03
Here's What To Make Of WD-40's (NASDAQ:WDFC) Decelerating Rates Of Return

WD-40 (NASDAQ:WDFC) Has Announced That It Will Be Increasing Its Dividend To $0.83

Apr 05
WD-40 (NASDAQ:WDFC) Has Announced That It Will Be Increasing Its Dividend To $0.83

Does WD-40 (NASDAQ:WDFC) Have A Healthy Balance Sheet?

Mar 28
Does WD-40 (NASDAQ:WDFC) Have A Healthy Balance Sheet?

Returns On Capital At WD-40 (NASDAQ:WDFC) Have Stalled

Feb 09
Returns On Capital At WD-40 (NASDAQ:WDFC) Have Stalled

WD-40 (NASDAQ:WDFC) Is Increasing Its Dividend To $0.83

Jan 09
WD-40 (NASDAQ:WDFC) Is Increasing Its Dividend To $0.83

WD-40 (NASDAQ:WDFC) Is Increasing Its Dividend To $0.83

Dec 18
WD-40 (NASDAQ:WDFC) Is Increasing Its Dividend To $0.83

We Think WD-40 (NASDAQ:WDFC) Can Stay On Top Of Its Debt

Dec 10
We Think WD-40 (NASDAQ:WDFC) Can Stay On Top Of Its Debt

WD-40's (NASDAQ:WDFC) Sluggish Earnings Might Be Just The Beginning Of Its Problems

Nov 03
WD-40's (NASDAQ:WDFC) Sluggish Earnings Might Be Just The Beginning Of Its Problems

WD-40 Q4 2022 Earnings Preview

Oct 18

Here's What To Make Of WD-40's (NASDAQ:WDFC) Decelerating Rates Of Return

Oct 13
Here's What To Make Of WD-40's (NASDAQ:WDFC) Decelerating Rates Of Return

WD-40 Company declares $0.78 dividend

Oct 11

WD-40 Company: Still Not A Great Play Given Recent Weakness And Pricing

Sep 19

Is WD-40 (NASDAQ:WDFC) A Risky Investment?

Sep 03
Is WD-40 (NASDAQ:WDFC) A Risky Investment?

WD-40 Company attracts bull rating at DA Davidson on long-term growth outlook

Jul 18

Here's What To Make Of WD-40's (NASDAQ:WDFC) Decelerating Rates Of Return

Jul 11
Here's What To Make Of WD-40's (NASDAQ:WDFC) Decelerating Rates Of Return

WD-40: Still A Risky Play After 40% Drawdown

Jul 06

WD-40 Company: Rust Beneath The Surface?

Jun 21

Is WD-40 (NASDAQ:WDFC) A Risky Investment?

Jun 04
Is WD-40 (NASDAQ:WDFC) A Risky Investment?

Capital Investments At WD-40 (NASDAQ:WDFC) Point To A Promising Future

Apr 06
Capital Investments At WD-40 (NASDAQ:WDFC) Point To A Promising Future

WD-40 Q2 2022 Earnings Preview: A Vital Moment For An Iconic Company

Apr 06

WD-40 (NASDAQ:WDFC) Is Increasing Its Dividend To US$0.78

Mar 19
WD-40 (NASDAQ:WDFC) Is Increasing Its Dividend To US$0.78

WD-40 (NASDAQ:WDFC) Has A Pretty Healthy Balance Sheet

Mar 06
WD-40 (NASDAQ:WDFC) Has A Pretty Healthy Balance Sheet

WD-40 Company Has Declined By 30%, But Is Still Overvalued

Mar 01

WD-40 (NASDAQ:WDFC) Is Paying Out A Larger Dividend Than Last Year

Dec 17
WD-40 (NASDAQ:WDFC) Is Paying Out A Larger Dividend Than Last Year

WD-40 (NASDAQ:WDFC) Knows How To Allocate Capital

Dec 08
WD-40 (NASDAQ:WDFC) Knows How To Allocate Capital

Financial Position Analysis

Short Term Liabilities: WDFC's short term assets ($237.7M) exceed its short term liabilities ($98.8M).

Long Term Liabilities: WDFC's short term assets ($237.7M) exceed its long term liabilities ($115.9M).


Debt to Equity History and Analysis

Debt Level: WDFC's net debt to equity ratio (27.9%) is considered satisfactory.

Reducing Debt: WDFC's debt to equity ratio has reduced from 52% to 51.2% over the past 5 years.

Debt Coverage: WDFC's debt is well covered by operating cash flow (103.8%).

Interest Coverage: WDFC's interest payments on its debt are well covered by EBIT (17.9x coverage).


Balance Sheet


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