Quipt Home Medical Balance Sheet Health
Financial Health criteria checks 4/6
Quipt Home Medical has a total shareholder equity of $110.3M and total debt of $77.8M, which brings its debt-to-equity ratio to 70.5%. Its total assets and total liabilities are $248.6M and $138.3M respectively. Quipt Home Medical's EBIT is $4.1M making its interest coverage ratio 0.5. It has cash and short-term investments of $14.6M.
Key information
70.5%
Debt to equity ratio
US$77.82m
Debt
Interest coverage ratio | 0.5x |
Cash | US$14.60m |
Equity | US$110.35m |
Total liabilities | US$138.27m |
Total assets | US$248.61m |
Recent financial health updates
Health Check: How Prudently Does Quipt Home Medical (CVE:QIPT) Use Debt?
Jul 13Does Protech Home Medical (CVE:PTQ) Have A Healthy Balance Sheet?
May 07Recent updates
Investors Aren't Entirely Convinced By Quipt Home Medical Corp.'s (TSE:QIPT) Revenues
Apr 19Quipt Home Medical Corp. (TSE:QIPT) Just Released Its First-Quarter Results And Analysts Are Updating Their Estimates
Feb 17What Is Quipt Home Medical Corp.'s (TSE:QIPT) Share Price Doing?
Sep 25Calculating The Fair Value Of Quipt Home Medical Corp. (TSE:QIPT)
Sep 01We Think Quipt Home Medical's (CVE:QIPT) Robust Earnings Are Conservative
Feb 21Earnings Update: Quipt Home Medical Corp. (CVE:QIPT) Just Reported Its Third-Quarter Results And Analysts Are Updating Their Forecasts
Aug 18Health Check: How Prudently Does Quipt Home Medical (CVE:QIPT) Use Debt?
Jul 13When Should You Buy Quipt Home Medical Corp. (CVE:QIPT)?
Jun 08Quipt Home Medical Corp. (CVE:QIPT) Shares Could Be 43% Below Their Intrinsic Value Estimate
Jun 02Does Protech Home Medical (CVE:PTQ) Have A Healthy Balance Sheet?
May 07Protech Home Medical Corp. (CVE:PTQ) Could Be Less Than A Year Away From Profitability
Mar 29Can You Imagine How Elated Protech Home Medical's (CVE:PTQ) Shareholders Feel About Its 331% Share Price Gain?
Feb 22Calculating The Fair Value Of Protech Home Medical Corp. (CVE:PTQ)
Jan 18Financial Position Analysis
Short Term Liabilities: QIPT's short term assets ($73.4M) exceed its short term liabilities ($64.5M).
Long Term Liabilities: QIPT's short term assets ($73.4M) do not cover its long term liabilities ($73.8M).
Debt to Equity History and Analysis
Debt Level: QIPT's net debt to equity ratio (57.3%) is considered high.
Reducing Debt: QIPT's debt to equity ratio has reduced from 88.5% to 70.5% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable QIPT has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: QIPT is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 30.1% per year.