WD-40 Balance Sheet Health
Financial Health criteria checks 6/6
WD-40 has a total shareholder equity of $222.2M and total debt of $107.8M, which brings its debt-to-equity ratio to 48.5%. Its total assets and total liabilities are $443.6M and $221.4M respectively. WD-40's EBIT is $95.5M making its interest coverage ratio 22. It has cash and short-term investments of $45.3M.
Key information
48.5%
Debt to equity ratio
US$107.79m
Debt
| Interest coverage ratio | 22x |
| Cash | US$45.30m |
| Equity | US$222.24m |
| Total liabilities | US$221.37m |
| Total assets | US$443.61m |
Recent financial health updates
WD-40 (NASDAQ:WDFC) Seems To Use Debt Rather Sparingly
May 27
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 10Recent updates
Unpleasant Surprises Could Be In Store For WD-40 Company's (NASDAQ:WDFC) Shares
Aug 28WD-40: Oiled For Growth, But Slipping On Valuation
Aug 16WD-40 (NASDAQ:WDFC) Might Become A Compounding Machine
Aug 05WD-40 Company: High-Quality Compounder Worth Paying >9x Capital For
Jul 05WD-40: Oiling Up For Growth, Sticking Points On Valuation
Jun 23WD-40 (NASDAQ:WDFC) Seems To Use Debt Rather Sparingly
May 27WD-40 (NASDAQ:WDFC) Might Become A Compounding Machine
May 05WD-40 Company: Fantastic Business That Is Incredibly Expensive
Apr 18WD-40: Some Big News In Fiscal Q2, Shares Should Move
Apr 09WD-40 Company (NASDAQ:WDFC) Shares Could Be 24% Above Their Intrinsic Value Estimate
Apr 09What 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 11Financial Position Analysis
Short Term Liabilities: WDFC's short term assets ($248.8M) exceed its short term liabilities ($105.2M).
Long Term Liabilities: WDFC's short term assets ($248.8M) exceed its long term liabilities ($116.1M).
Debt to Equity History and Analysis
Debt Level: WDFC's net debt to equity ratio (28.1%) is considered satisfactory.
Reducing Debt: WDFC's debt to equity ratio has reduced from 62.6% to 48.5% over the past 5 years.
Debt Coverage: WDFC's debt is well covered by operating cash flow (99.8%).
Interest Coverage: WDFC's interest payments on its debt are well covered by EBIT (22x coverage).