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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 05:04 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/08/31 |
| Annual Earnings | 2024/08/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Queen's Road Capital Investment Ltd. is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ralph Profiti | Eight Capital |