Quickstep Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Quickstep Holdings has a total shareholder equity of A$12.8M and total debt of A$12.1M, which brings its debt-to-equity ratio to 94.2%. Its total assets and total liabilities are A$73.9M and A$61.1M respectively. Quickstep Holdings's EBIT is A$957.0K making its interest coverage ratio 0.5. It has cash and short-term investments of A$5.3M.
Key information
94.2%
Debt to equity ratio
AU$12.10m
Debt
| Interest coverage ratio | 0.5x |
| Cash | AU$5.26m |
| Equity | AU$12.85m |
| Total liabilities | AU$61.05m |
| Total assets | AU$73.90m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: QHL's short term assets (A$45.8M) exceed its short term liabilities (A$44.3M).
Long Term Liabilities: QHL's short term assets (A$45.8M) exceed its long term liabilities (A$16.8M).
Debt to Equity History and Analysis
Debt Level: QHL's net debt to equity ratio (53.2%) is considered high.
Reducing Debt: QHL's debt to equity ratio has increased from 38.4% to 94.2% 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 QHL has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: QHL is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 32.1% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/17 05:33 |
| End of Day Share Price | 2024/12/16 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2024/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Quickstep Holdings Limited is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Aaron Muller | Canaccord Genuity |
| Alexander Smith | PAC Partners Securities Pty. Ltd. |