QuickFee Balance Sheet Health

Financial Health criteria checks 5/6

QuickFee has a total shareholder equity of A$8.5M and total debt of A$59.4M, which brings its debt-to-equity ratio to 698.6%. Its total assets and total liabilities are A$70.7M and A$62.2M respectively.

Key information

698.6%

Debt to equity ratio

AU$59.43m

Debt

Interest coverage ration/a
CashAU$13.55m
EquityAU$8.51m
Total liabilitiesAU$62.24m
Total assetsAU$70.75m

Recent financial health updates

Recent updates

Financial Position Analysis

Short Term Liabilities: QFE's short term assets (A$70.3M) exceed its short term liabilities (A$61.8M).

Long Term Liabilities: QFE's short term assets (A$70.3M) exceed its long term liabilities (A$475.0K).


Debt to Equity History and Analysis

Debt Level: QFE's net debt to equity ratio (539.3%) is considered high.

Reducing Debt: QFE's debt to equity ratio has reduced from 6702.2% to 698.6% 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: QFE has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: QFE has sufficient cash runway for 1.1 years if free cash flow continues to reduce at historical rates of 32.3% each year.


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