WestBond Enterprises Balance Sheet Health
Financial Health criteria checks 5/6
WestBond Enterprises has a total shareholder equity of CA$7.8M and total debt of CA$615.0K, which brings its debt-to-equity ratio to 7.9%. Its total assets and total liabilities are CA$13.2M and CA$5.4M respectively. WestBond Enterprises's EBIT is CA$81.5K making its interest coverage ratio 0.6. It has cash and short-term investments of CA$63.3K.
Key information
7.9%
Debt to equity ratio
CA$615.00k
Debt
Interest coverage ratio | 0.6x |
Cash | CA$63.28k |
Equity | CA$7.78m |
Total liabilities | CA$5.39m |
Total assets | CA$13.18m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WBNE.F's short term assets (CA$3.7M) exceed its short term liabilities (CA$1.9M).
Long Term Liabilities: WBNE.F's short term assets (CA$3.7M) exceed its long term liabilities (CA$3.5M).
Debt to Equity History and Analysis
Debt Level: WBNE.F's net debt to equity ratio (7.1%) is considered satisfactory.
Reducing Debt: WBNE.F's debt to equity ratio has reduced from 62.9% to 7.9% over the past 5 years.
Debt Coverage: WBNE.F's debt is well covered by operating cash flow (43.7%).
Interest Coverage: WBNE.F's interest payments on its debt are not well covered by EBIT (0.6x coverage).