Qualitas Balance Sheet Health
Financial Health criteria checks 5/6
Qualitas has a total shareholder equity of A$367.0M and total debt of A$292.1M, which brings its debt-to-equity ratio to 79.6%. Its total assets and total liabilities are A$708.1M and A$341.1M respectively. Qualitas's EBIT is A$58.0M making its interest coverage ratio 2.8. It has cash and short-term investments of A$196.5M.
Key information
79.6%
Debt to equity ratio
AU$292.14m
Debt
| Interest coverage ratio | 2.8x |
| Cash | AU$196.50m |
| Equity | AU$367.01m |
| Total liabilities | AU$341.12m |
| Total assets | AU$708.13m |
Financial Position Analysis
Short Term Liabilities: QAL's short term assets (A$583.8M) exceed its short term liabilities (A$143.6M).
Long Term Liabilities: QAL's short term assets (A$583.8M) exceed its long term liabilities (A$197.6M).
Debt to Equity History and Analysis
Debt Level: QAL's net debt to equity ratio (26.1%) is considered satisfactory.
Reducing Debt: QAL's debt to equity ratio has reduced from 931.3% to 79.6% over the past 5 years.
Debt Coverage: QAL's debt is well covered by operating cash flow (24.8%).
Interest Coverage: QAL's interest payments on its debt are not well covered by EBIT (2.8x coverage).