Qualitas Balance Sheet Health
Financial Health criteria checks 5/6
Qualitas has a total shareholder equity of A$359.9M and total debt of A$308.2M, which brings its debt-to-equity ratio to 85.6%. Its total assets and total liabilities are A$710.6M and A$350.8M respectively. Qualitas's EBIT is A$56.6M making its interest coverage ratio 2.6. It has cash and short-term investments of A$200.5M.
Key information
85.6%
Debt to equity ratio
AU$308.18m
Debt
| Interest coverage ratio | 2.6x |
| Cash | AU$200.51m |
| Equity | AU$359.86m |
| Total liabilities | AU$350.78m |
| Total assets | AU$710.63m |
Financial Position Analysis
Short Term Liabilities: QAL's short term assets (A$590.2M) exceed its short term liabilities (A$12.1M).
Long Term Liabilities: QAL's short term assets (A$590.2M) exceed its long term liabilities (A$338.7M).
Debt to Equity History and Analysis
Debt Level: QAL's net debt to equity ratio (29.9%) is considered satisfactory.
Reducing Debt: QAL's debt to equity ratio has reduced from 651% to 85.6% over the past 5 years.
Debt Coverage: QAL's debt is well covered by operating cash flow (50.4%).
Interest Coverage: QAL's interest payments on its debt are not well covered by EBIT (2.6x coverage).