Quorum Information Technologies Inc.

TSXV:QIS Stock Report

Market Cap: CA$63.3m

Quorum Information Technologies Balance Sheet Health

Financial Health criteria checks 4/6

Quorum Information Technologies has a total shareholder equity of CA$28.7M and total debt of CA$9.6M, which brings its debt-to-equity ratio to 33.6%. Its total assets and total liabilities are CA$45.9M and CA$17.2M respectively. Quorum Information Technologies's EBIT is CA$2.9M making its interest coverage ratio 2. It has cash and short-term investments of CA$4.3M.

Key information

33.6%

Debt to equity ratio

CA$9.63m

Debt

Interest coverage ratio2x
CashCA$4.33m
EquityCA$28.67m
Total liabilitiesCA$17.19m
Total assetsCA$45.86m

Recent financial health updates

Recent updates

Shareholders May Find It Hard To Justify Increasing Quorum Information Technologies Inc.'s (CVE:QIS) CEO Compensation For Now

Aug 23
Shareholders May Find It Hard To Justify Increasing Quorum Information Technologies Inc.'s (CVE:QIS) CEO Compensation For Now

Investors Don't See Light At End Of Quorum Information Technologies Inc.'s (CVE:QIS) Tunnel

Aug 10
Investors Don't See Light At End Of Quorum Information Technologies Inc.'s (CVE:QIS) Tunnel

Quorum Information Technologies Inc.'s (CVE:QIS) Prospects Need A Boost To Lift Shares

May 08
Quorum Information Technologies Inc.'s (CVE:QIS) Prospects Need A Boost To Lift Shares

We Think Quorum Information Technologies (CVE:QIS) Can Stay On Top Of Its Debt

Mar 21
We Think Quorum Information Technologies (CVE:QIS) Can Stay On Top Of Its Debt

Does Quorum Information Technologies (CVE:QIS) Have A Healthy Balance Sheet?

Sep 30
Does Quorum Information Technologies (CVE:QIS) Have A Healthy Balance Sheet?

Investors Will Want Quorum Information Technologies' (CVE:QIS) Growth In ROCE To Persist

Aug 17
Investors Will Want Quorum Information Technologies' (CVE:QIS) Growth In ROCE To Persist

Quorum Information Technologies (CVE:QIS) Takes On Some Risk With Its Use Of Debt

Jun 07
Quorum Information Technologies (CVE:QIS) Takes On Some Risk With Its Use Of Debt

Quorum Information Technologies (CVE:QIS) Might Be Having Difficulty Using Its Capital Effectively

Apr 11
Quorum Information Technologies (CVE:QIS) Might Be Having Difficulty Using Its Capital Effectively

These 4 Measures Indicate That Quorum Information Technologies (CVE:QIS) Is Using Debt Extensively

Dec 26
These 4 Measures Indicate That Quorum Information Technologies (CVE:QIS) Is Using Debt Extensively

Calculating The Fair Value Of Quorum Information Technologies Inc. (CVE:QIS)

Nov 03
Calculating The Fair Value Of Quorum Information Technologies Inc. (CVE:QIS)

There Are Reasons To Feel Uneasy About Quorum Information Technologies' (CVE:QIS) Returns On Capital

Sep 03
There Are Reasons To Feel Uneasy About Quorum Information Technologies' (CVE:QIS) Returns On Capital

Quorum Information Technologies (CVE:QIS) Is Making Moderate Use Of Debt

Jun 28
Quorum Information Technologies (CVE:QIS) Is Making Moderate Use Of Debt

Returns On Capital Signal Tricky Times Ahead For Quorum Information Technologies (CVE:QIS)

Mar 29
Returns On Capital Signal Tricky Times Ahead For Quorum Information Technologies (CVE:QIS)

It's Unlikely That Quorum Information Technologies Inc.'s (CVE:QIS) CEO Will See A Huge Pay Rise This Year

Oct 01
It's Unlikely That Quorum Information Technologies Inc.'s (CVE:QIS) CEO Will See A Huge Pay Rise This Year

Does Quorum Information Technologies (CVE:QIS) Have A Healthy Balance Sheet?

Sep 02
Does Quorum Information Technologies (CVE:QIS) Have A Healthy Balance Sheet?

Returns On Capital At Quorum Information Technologies (CVE:QIS) Paint A Concerning Picture

Jul 01
Returns On Capital At Quorum Information Technologies (CVE:QIS) Paint A Concerning Picture

Estimating The Fair Value Of Quorum Information Technologies Inc. (CVE:QIS)

May 31
Estimating The Fair Value Of Quorum Information Technologies Inc. (CVE:QIS)

Are Insiders Selling Quorum Information Technologies Inc. (CVE:QIS) Stock?

Mar 18
Are Insiders Selling Quorum Information Technologies Inc. (CVE:QIS) Stock?

Is Quorum Information Technologies (CVE:QIS) Using Debt Sensibly?

Feb 11
Is Quorum Information Technologies (CVE:QIS) Using Debt Sensibly?

Did Business Growth Power Quorum Information Technologies' (CVE:QIS) Share Price Gain of 133%?

Jan 07
Did Business Growth Power Quorum Information Technologies' (CVE:QIS) Share Price Gain of 133%?

Does This Valuation Of Quorum Information Technologies Inc. (CVE:QIS) Imply Investors Are Overpaying?

Dec 12
Does This Valuation Of Quorum Information Technologies Inc. (CVE:QIS) Imply Investors Are Overpaying?

Quorum Information Technologies Inc. (CVE:QIS) Just Released Its Third-Quarter Earnings: Here's What Analysts Think

Nov 21
Quorum Information Technologies Inc. (CVE:QIS) Just Released Its Third-Quarter Earnings: Here's What Analysts Think

Trade Alert: The Independent Director Of Quorum Information Technologies Inc. (CVE:QIS), Joseph Campbell, Has Sold Some Shares Recently

Aug 07
Trade Alert: The Independent Director Of Quorum Information Technologies Inc. (CVE:QIS), Joseph Campbell, Has Sold Some Shares Recently

Is Quorum Information Technologies (CVE:QIS) A Risky Investment?

Jul 22
Is Quorum Information Technologies (CVE:QIS) A Risky Investment?

Financial Position Analysis

Short Term Liabilities: QIS's short term assets (CA$8.9M) exceed its short term liabilities (CA$4.2M).

Long Term Liabilities: QIS's short term assets (CA$8.9M) do not cover its long term liabilities (CA$13.0M).


Debt to Equity History and Analysis

Debt Level: QIS's net debt to equity ratio (18.5%) is considered satisfactory.

Reducing Debt: QIS's debt to equity ratio has reduced from 38.1% to 33.6% over the past 5 years.

Debt Coverage: QIS's debt is well covered by operating cash flow (61%).

Interest Coverage: QIS's interest payments on its debt are not well covered by EBIT (2x coverage).


Balance Sheet


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