Westpac Banking (WBC) Ratios
Westpac Banking Ratios
DE:WBC's free cash flow for Q2 2026 was $11.04B. For the 2026 fiscal year, DE:WBC's free cash flow was decreased by $-115.00M and operating cash flow was $11.15B. See a summary of the company’s cash flow.
| Ratios | Sep 25 | Sep 24 | Sep 23 | Sep 22 | Sep 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 0.29 | 0.80 | 20.16 | 39.46 | 40.59 |
| Quick Ratio | 0.29 | 0.80 | 52.18 | 106.34 | 40.59 |
| Cash Ratio | 0.11 | 0.17 | 20.16 | 39.46 | 40.59 |
| Solvency Ratio | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Operating Cash Flow Ratio | 0.03 | -0.00 | -7.00 | -6.80 | 9.54 |
| Short-Term Operating Cash Flow Coverage | 0.26 | -0.04 | -7.00 | -6.80 | 9.54 |
| Net Current Asset Value | $ -920.17B | $ -690.66B | $ -855.01B | $ -838.74B | $ -792.88B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.21 | 0.19 | 0.13 | 0.12 | 0.12 |
| Debt-to-Equity Ratio | 3.19 | 2.89 | 1.91 | 1.80 | 1.57 |
| Debt-to-Capital Ratio | 0.76 | 0.74 | 0.66 | 0.64 | 0.61 |
| Long-Term Debt-to-Capital Ratio | 0.71 | 0.72 | 0.65 | 0.64 | 0.61 |
| Financial Leverage Ratio | 15.48 | 15.03 | 14.20 | 14.40 | 12.99 |
| Debt Service Coverage Ratio | 0.08 | -0.05 | 0.28 | 0.83 | -0.57 |
| Interest Coverage Ratio | 0.28 | 0.29 | 0.41 | 1.41 | 1.77 |
| Debt to Market Cap | 1.74 | 1.88 | 1.77 | 1.64 | 1.10 |
| Interest Debt Per Share | 78.35 | 69.84 | 44.39 | 35.55 | 29.95 |
| Net Debt to EBITDA | 17.20 | 0.00 | 3.12 | 2.16 | -40.02 |
| Profitability Margins | |||||
| Gross Profit Margin | 37.67% | 100.00% | 98.72% | 104.27% | 98.97% |
| EBIT Margin | 17.35% | -7.23% | 50.21% | 44.56% | 44.04% |
| EBITDA Margin | 18.28% | 0.00% | 54.99% | 52.19% | -4.84% |
| Operating Profit Margin | 17.35% | 48.42% | 50.21% | 44.56% | 44.04% |
| Pretax Profit Margin | 17.35% | 48.01% | 49.08% | 43.95% | 38.97% |
| Net Profit Margin | 11.94% | 33.17% | 34.27% | 29.55% | 25.02% |
| Continuous Operations Profit Margin | 11.97% | 33.21% | 34.30% | 29.57% | 25.05% |
| Net Income Per EBT | 68.80% | 69.09% | 69.82% | 67.23% | 64.20% |
| EBT Per EBIT | 100.00% | 99.17% | 97.75% | 98.61% | 88.50% |
| Return on Assets (ROA) | 0.61% | 0.65% | 0.70% | 0.56% | 0.58% |
| Return on Equity (ROE) | 9.50% | 9.74% | 9.92% | 8.08% | 7.58% |
| Return on Capital Employed (ROCE) | 1.49% | 1.49% | 1.03% | 0.85% | 1.03% |
| Return on Invested Capital (ROIC) | 0.94% | 0.80% | 6.39% | 4.91% | 7.36% |
| Return on Tangible Assets | 0.62% | 0.65% | 0.71% | 0.57% | 0.59% |
| Earnings Yield | 5.18% | 6.33% | 9.23% | 7.38% | 5.30% |
| Efficiency Ratios | |||||
| Receivables Turnover | 0.00 | 7.37 | 8.00 | 8.49 | 13.73 |
| Payables Turnover | 0.00 | 6.33 | 4.01 | 1.76 | 0.90 |
| Inventory Turnover | 0.00 | 0.00 | -0.16 | -0.04 | 0.00 |
| Fixed Asset Turnover | 25.55 | 9.35 | 9.35 | 7.93 | 7.65 |
| Asset Turnover | 0.05 | 0.02 | 0.02 | 0.02 | 0.02 |
| Working Capital Turnover Ratio | -0.29 | 2.08 | 0.21 | 0.22 | 0.45 |
| Cash Conversion Cycle | 0.00 | -8.14 | -2317.86 | -10274.12 | -378.50 |
| Days of Sales Outstanding | 0.00 | 49.50 | 45.60 | 42.99 | 26.59 |
| Days of Inventory Outstanding | 0.00 | 0.00 | -2272.50 | -10109.47 | 0.00 |
| Days of Payables Outstanding | 0.00 | 57.64 | 90.96 | 207.65 | 405.09 |
| Operating Cycle | 0.00 | 49.50 | -2226.90 | -10066.48 | 26.59 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 4.07 | -0.27 | -9.63 | -4.84 | 4.21 |
| Free Cash Flow Per Share | 3.96 | -0.34 | -9.69 | -4.89 | 4.15 |
| Dividend Paid and CapEx Coverage Ratio | 2.49 | -0.16 | -7.48 | -4.02 | 5.41 |
| Capital Expenditure Coverage Ratio | 37.53 | -3.97 | -149.11 | -109.04 | 71.25 |
| Operating Cash Flow Coverage Ratio | 0.06 | -0.00 | -0.26 | -0.14 | 0.15 |
| Operating Cash Flow to Sales Ratio | 0.24 | -0.04 | -1.69 | -0.94 | 0.76 |
| Free Cash Flow Yield | 10.16% | -1.06% | -45.83% | -23.69% | 15.97% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 19.29 | 15.79 | 10.84 | 13.54 | 18.86 |
| Price-to-Sales (P/S) Ratio | 2.30 | 5.24 | 3.71 | 4.00 | 4.72 |
| Price-to-Book (P/B) Ratio | 1.83 | 1.54 | 1.08 | 1.09 | 1.43 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 9.84 | -94.40 | -2.18 | -4.22 | 6.26 |
| Price-to-Operating Cash Flow Ratio | 9.58 | -118.18 | -2.20 | -4.26 | 6.18 |
| Price-to-Earnings Growth (PEG) Ratio | 38.78 | -8.09 | 0.39 | 1.83 | 0.14 |
| Enterprise Value Multiple | 29.79 | 0.00 | 9.87 | 9.83 | -137.51 |
| Enterprise Value | 315.37B | 252.07B | 113.93B | 98.87B | 145.21B |
| EV to EBITDA | 29.79 | 0.00 | 9.87 | 9.83 | -137.51 |
| EV to Sales | 5.45 | 11.97 | 5.43 | 5.13 | 6.66 |
| EV to Free Cash Flow | 23.27 | -215.81 | -3.19 | -5.41 | 8.83 |
| EV to Operating Cash Flow | 22.65 | -270.17 | -3.21 | -5.46 | 8.71 |
| Tangible Book Value Per Share | 18.30 | 17.64 | 16.73 | 16.11 | 15.65 |
| Shareholders’ Equity Per Share | 21.26 | 20.63 | 19.67 | 18.86 | 18.19 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.31 | 0.31 | 0.30 | 0.33 | 0.36 |
| Revenue Per Share | 16.92 | 6.06 | 5.70 | 5.16 | 5.51 |
| Net Income Per Share | 2.02 | 2.01 | 1.95 | 1.52 | 1.38 |
| Tax Burden | 0.69 | 0.69 | 0.70 | 0.67 | 0.64 |
| Interest Burden | 1.00 | -6.64 | 0.98 | 0.99 | 0.88 |
| Research & Development to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A to Revenue | 0.11 | 0.29 | 0.29 | 0.31 | 0.28 |
| Stock-Based Compensation to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Quality | 2.02 | -0.13 | -4.93 | -3.18 | 3.05 |
Currency in AUD