Qrf Comm. VA Balance Sheet Health
Financial Health criteria checks 2/6
Qrf Comm. VA has a total shareholder equity of €123.9M and total debt of €88.6M, which brings its debt-to-equity ratio to 71.5%. Its total assets and total liabilities are €221.9M and €98.0M respectively. Qrf Comm. VA's EBIT is €14.8M making its interest coverage ratio 4.2. It has cash and short-term investments of €882.0K.
Key information
71.5%
Debt to equity ratio
€88.57m
Debt
| Interest coverage ratio | 4.2x |
| Cash | €882.00k |
| Equity | €123.86m |
| Total liabilities | €98.05m |
| Total assets | €221.91m |
Financial Position Analysis
Short Term Liabilities: QRF's short term assets (€2.8M) do not cover its short term liabilities (€34.4M).
Long Term Liabilities: QRF's short term assets (€2.8M) do not cover its long term liabilities (€63.7M).
Debt to Equity History and Analysis
Debt Level: QRF's net debt to equity ratio (70.8%) is considered high.
Reducing Debt: QRF's debt to equity ratio has reduced from 109.6% to 71.5% over the past 5 years.
Debt Coverage: QRF's debt is not well covered by operating cash flow (10.7%).
Interest Coverage: QRF's interest payments on its debt are well covered by EBIT (4.2x coverage).