Queen's Road Capital Investment Balance Sheet Health
Financial Health criteria checks 4/6
Queen's Road Capital Investment has a total shareholder equity of $250.0M and total debt of $31.6M, which brings its debt-to-equity ratio to 12.7%. Its total assets and total liabilities are $282.9M and $32.9M respectively. Queen's Road Capital Investment's EBIT is $20.0M making its interest coverage ratio 11. It has cash and short-term investments of $1.1M.
Key information
12.7%
Debt to equity ratio
US$31.63m
Debt
| Interest coverage ratio | 11x |
| Cash | US$1.09m |
| Equity | US$250.00m |
| Total liabilities | US$32.86m |
| Total assets | US$282.86m |
Recent financial health updates
Recent updates
We Think Queen's Road Capital Investment (TSE:QRC) Can Stay On Top Of Its Debt
Aug 05
Estimating The Intrinsic Value Of Queen's Road Capital Investment Ltd. (TSE:QRC)
Dec 28Queen's Road Capital Investment's (TSE:QRC) Dividend Will Be Increased To $0.019
Oct 20Queen's Road Capital Investment (CVE:QRC) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
Nov 29Here's What Queen's Road Capital Investment Ltd.'s (CVE:QRC) Shareholder Ownership Structure Looks Like
Dec 01
Financial Position Analysis
Short Term Liabilities: QRC's short term assets ($3.4M) do not cover its short term liabilities ($32.9M).
Long Term Liabilities: QRC has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: QRC's net debt to equity ratio (12.2%) is considered satisfactory.
Reducing Debt: QRC's debt to equity ratio has increased from 0% to 12.7% over the past 5 years.
Debt Coverage: QRC's debt is well covered by operating cash flow (22.9%).
Interest Coverage: QRC's interest payments on its debt are well covered by EBIT (11x coverage).