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 ratio | 17.9x |
Cash | US$50.32m |
Equity | US$215.93m |
Total liabilities | US$214.67m |
Total assets | US$430.61m |
Recent financial health updates
We Think WD-40 (NASDAQ:WDFC) Can Stay On Top Of Its Debt
Feb 07Here's Why WD-40 (NASDAQ:WDFC) Can Manage Its Debt Responsibly
Oct 11WD-40 (NASDAQ:WDFC) Seems To Use Debt Quite Sensibly
Jul 11Does WD-40 (NASDAQ:WDFC) Have A Healthy Balance Sheet?
Mar 28We Think WD-40 (NASDAQ:WDFC) Can Stay On Top Of Its Debt
Dec 10Is WD-40 (NASDAQ:WDFC) A Risky Investment?
Sep 03Recent updates
What WD-40 Company's (NASDAQ:WDFC) P/E Is Not Telling You
Feb 28We Think WD-40 (NASDAQ:WDFC) Can Stay On Top Of Its Debt
Feb 07We Like WD-40's (NASDAQ:WDFC) Earnings For More Than Just Statutory Profit
Jan 17WD-40 (NASDAQ:WDFC) Will Pay A Larger Dividend Than Last Year At $0.88
Jan 11WD-40 Company: Even A Stellar Quarter Can't Grease These Wheels
Jan 10WD-40 (NASDAQ:WDFC) Could Be Struggling To Allocate Capital
Jan 06WD-40 (NASDAQ:WDFC) Has Announced That It Will Be Increasing Its Dividend To $0.88
Dec 16Here's Why WD-40 (NASDAQ:WDFC) Can Manage Its Debt Responsibly
Oct 11Investors Shouldn't Overlook The Favourable Returns On Capital At WD-40 (NASDAQ:WDFC)
Sep 08WD-40 (NASDAQ:WDFC) Seems To Use Debt Quite Sensibly
Jul 11Here's What To Make Of WD-40's (NASDAQ:WDFC) Decelerating Rates Of Return
Jun 03WD-40 (NASDAQ:WDFC) Has Announced That It Will Be Increasing Its Dividend To $0.83
Apr 05Does WD-40 (NASDAQ:WDFC) Have A Healthy Balance Sheet?
Mar 28Returns On Capital At WD-40 (NASDAQ:WDFC) Have Stalled
Feb 09WD-40 (NASDAQ:WDFC) Is Increasing Its Dividend To $0.83
Jan 09WD-40 (NASDAQ:WDFC) Is Increasing Its Dividend To $0.83
Dec 18We Think WD-40 (NASDAQ:WDFC) Can Stay On Top Of Its Debt
Dec 10WD-40's (NASDAQ:WDFC) Sluggish Earnings Might Be Just The Beginning Of Its Problems
Nov 03WD-40 Q4 2022 Earnings Preview
Oct 18Here's What To Make Of WD-40's (NASDAQ:WDFC) Decelerating Rates Of Return
Oct 13WD-40 Company declares $0.78 dividend
Oct 11WD-40 Company: Still Not A Great Play Given Recent Weakness And Pricing
Sep 19Is WD-40 (NASDAQ:WDFC) A Risky Investment?
Sep 03WD-40 Company attracts bull rating at DA Davidson on long-term growth outlook
Jul 18Here's What To Make Of WD-40's (NASDAQ:WDFC) Decelerating Rates Of Return
Jul 11WD-40: Still A Risky Play After 40% Drawdown
Jul 06WD-40 Company: Rust Beneath The Surface?
Jun 21Is WD-40 (NASDAQ:WDFC) A Risky Investment?
Jun 04Capital Investments At WD-40 (NASDAQ:WDFC) Point To A Promising Future
Apr 06WD-40 Q2 2022 Earnings Preview: A Vital Moment For An Iconic Company
Apr 06WD-40 (NASDAQ:WDFC) Is Increasing Its Dividend To US$0.78
Mar 19WD-40 (NASDAQ:WDFC) Has A Pretty Healthy Balance Sheet
Mar 06WD-40 Company Has Declined By 30%, But Is Still Overvalued
Mar 01WD-40 (NASDAQ:WDFC) Is Paying Out A Larger Dividend Than Last Year
Dec 17WD-40 (NASDAQ:WDFC) Knows How To Allocate Capital
Dec 08Financial 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).