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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/21 01:57 |
| End of Day Share Price | 2024/12/20 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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Learn about the world class team who designed and built the Simply Wall St analysis model.
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
Qualitas Limited is covered by 6 analysts. 4 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 |
|---|---|
| Michael Peet | Goldman Sachs |
| Elizabeth Miliatis | Jarden Limited |
| David Pobucky | Macquarie Research |