Wellchange Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Wellchange Holdings has a total shareholder equity of $2.0M and total debt of $496.5K, which brings its debt-to-equity ratio to 24.9%. Its total assets and total liabilities are $3.3M and $1.3M respectively. Wellchange Holdings's EBIT is $1.2M making its interest coverage ratio 72.6. It has cash and short-term investments of $12.8K.
Key information
24.9%
Debt to equity ratio
US$496.52k
Debt
| Interest coverage ratio | 72.6x |
| Cash | US$12.78k |
| Equity | US$2.00m |
| Total liabilities | US$1.30m |
| Total assets | US$3.30m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WCT's short term assets ($788.0K) do not cover its short term liabilities ($1.1M).
Long Term Liabilities: WCT's short term assets ($788.0K) exceed its long term liabilities ($244.4K).
Debt to Equity History and Analysis
Debt Level: WCT's net debt to equity ratio (24.2%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if WCT's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: WCT's debt is well covered by operating cash flow (160.6%).
Interest Coverage: WCT's interest payments on its debt are well covered by EBIT (72.6x coverage).