Qrf Comm. VA Balance Sheet Health
Financial Health criteria checks 2/6
Qrf Comm. VA has a total shareholder equity of €118.9M and total debt of €124.1M, which brings its debt-to-equity ratio to 104.3%. Its total assets and total liabilities are €252.7M and €133.8M respectively. Qrf Comm. VA's EBIT is €16.2M making its interest coverage ratio 4.4. It has cash and short-term investments of €864.0K.
Key information
104.3%
Debt to equity ratio
€124.06m
Debt
Interest coverage ratio | 4.4x |
Cash | €864.00k |
Equity | €118.90m |
Total liabilities | €133.80m |
Total assets | €252.69m |
Financial Position Analysis
Short Term Liabilities: QRF's short term assets (€8.7M) do not cover its short term liabilities (€25.6M).
Long Term Liabilities: QRF's short term assets (€8.7M) do not cover its long term liabilities (€108.2M).
Debt to Equity History and Analysis
Debt Level: QRF's net debt to equity ratio (103.6%) is considered high.
Reducing Debt: QRF's debt to equity ratio has reduced from 110% to 104.3% over the past 5 years.
Debt Coverage: QRF's debt is not well covered by operating cash flow (8.9%).
Interest Coverage: QRF's interest payments on its debt are well covered by EBIT (4.4x coverage).