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 $280.4M and total debt of $22.2M, which brings its debt-to-equity ratio to 7.9%. Its total assets and total liabilities are $303.8M and $23.4M respectively. Queen's Road Capital Investment's EBIT is $70.0M making its interest coverage ratio 125.2. It has cash and short-term investments of $5.3M.
Key information
7.9%
Debt to equity ratio
US$22.25m
Debt
| Interest coverage ratio | 125.2x |
| Cash | US$5.31m |
| Equity | US$280.39m |
| Total liabilities | US$23.40m |
| Total assets | US$303.79m |
Recent financial health updates
No updates
Recent updates
Estimating The Intrinsic Value Of Queen's Road Capital Investment Ltd. (TSE:QRC)
Dec 28
Queen'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 ($7.4M) do not cover its short term liabilities ($23.4M).
Long Term Liabilities: QRC's short term assets ($7.4M) exceed its long term liabilities ($18.2K).
Debt to Equity History and Analysis
Debt Level: QRC's net debt to equity ratio (6%) is considered satisfactory.
Reducing Debt: QRC's debt to equity ratio has increased from 0% to 7.9% over the past 5 years.
Debt Coverage: QRC's debt is well covered by operating cash flow (29.2%).
Interest Coverage: QRC's interest payments on its debt are well covered by EBIT (125.2x coverage).