Quorum Information Technologies Balance Sheet Health
Financial Health criteria checks 3/6
Quorum Information Technologies has a total shareholder equity of CA$27.1M and total debt of CA$10.6M, which brings its debt-to-equity ratio to 39%. Its total assets and total liabilities are CA$45.8M and CA$18.8M respectively. Quorum Information Technologies's EBIT is CA$1.2M making its interest coverage ratio 0.9. It has cash and short-term investments of CA$3.6M.
Key information
39.0%
Debt to equity ratio
CA$10.57m
Debt
| Interest coverage ratio | 0.9x |
| Cash | CA$3.60m |
| Equity | CA$27.06m |
| Total liabilities | CA$18.77m |
| Total assets | CA$45.83m |
Recent financial health updates
We Think Quorum Information Technologies (CVE:QIS) Can Stay On Top Of Its Debt
Mar 21
Does Quorum Information Technologies (CVE:QIS) Have A Healthy Balance Sheet?
Sep 30Quorum Information Technologies (CVE:QIS) Takes On Some Risk With Its Use Of Debt
Jun 07These 4 Measures Indicate That Quorum Information Technologies (CVE:QIS) Is Using Debt Extensively
Dec 26Quorum Information Technologies (CVE:QIS) Is Making Moderate Use Of Debt
Jun 28Does Quorum Information Technologies (CVE:QIS) Have A Healthy Balance Sheet?
Sep 02Recent updates
Quorum Information Technologies Inc.'s (CVE:QIS) Prospects Need A Boost To Lift Shares
May 08We Think Quorum Information Technologies (CVE:QIS) Can Stay On Top Of Its Debt
Mar 21Does Quorum Information Technologies (CVE:QIS) Have A Healthy Balance Sheet?
Sep 30Investors Will Want Quorum Information Technologies' (CVE:QIS) Growth In ROCE To Persist
Aug 17Quorum Information Technologies (CVE:QIS) Takes On Some Risk With Its Use Of Debt
Jun 07Quorum Information Technologies (CVE:QIS) Might Be Having Difficulty Using Its Capital Effectively
Apr 11These 4 Measures Indicate That Quorum Information Technologies (CVE:QIS) Is Using Debt Extensively
Dec 26Calculating The Fair Value Of Quorum Information Technologies Inc. (CVE:QIS)
Nov 03There Are Reasons To Feel Uneasy About Quorum Information Technologies' (CVE:QIS) Returns On Capital
Sep 03Quorum Information Technologies (CVE:QIS) Is Making Moderate Use Of Debt
Jun 28Returns On Capital Signal Tricky Times Ahead For Quorum Information Technologies (CVE:QIS)
Mar 29It's Unlikely That Quorum Information Technologies Inc.'s (CVE:QIS) CEO Will See A Huge Pay Rise This Year
Oct 01Does Quorum Information Technologies (CVE:QIS) Have A Healthy Balance Sheet?
Sep 02Returns On Capital At Quorum Information Technologies (CVE:QIS) Paint A Concerning Picture
Jul 01Estimating The Fair Value Of Quorum Information Technologies Inc. (CVE:QIS)
May 31Are Insiders Selling Quorum Information Technologies Inc. (CVE:QIS) Stock?
Mar 18Is Quorum Information Technologies (CVE:QIS) Using Debt Sensibly?
Feb 11Did Business Growth Power Quorum Information Technologies' (CVE:QIS) Share Price Gain of 133%?
Jan 07Does This Valuation Of Quorum Information Technologies Inc. (CVE:QIS) Imply Investors Are Overpaying?
Dec 12
Quorum Information Technologies Inc. (CVE:QIS) Just Released Its Third-Quarter Earnings: Here's What Analysts Think
Nov 21Trade Alert: The Independent Director Of Quorum Information Technologies Inc. (CVE:QIS), Joseph Campbell, Has Sold Some Shares Recently
Aug 07Is Quorum Information Technologies (CVE:QIS) A Risky Investment?
Jul 22Financial Position Analysis
Short Term Liabilities: QIS's short term assets (CA$8.0M) exceed its short term liabilities (CA$3.9M).
Long Term Liabilities: QIS's short term assets (CA$8.0M) do not cover its long term liabilities (CA$14.9M).
Debt to Equity History and Analysis
Debt Level: QIS's net debt to equity ratio (25.7%) is considered satisfactory.
Reducing Debt: QIS's debt to equity ratio has increased from 36.3% to 39% over the past 5 years.
Debt Coverage: QIS's debt is well covered by operating cash flow (43.7%).
Interest Coverage: QIS's interest payments on its debt are not well covered by EBIT (0.9x coverage).