Quorum Information Technologies Balance Sheet Health
Financial Health criteria checks 4/6
Quorum Information Technologies has a total shareholder equity of CA$29.4M and total debt of CA$6.4M, which brings its debt-to-equity ratio to 21.7%. Its total assets and total liabilities are CA$43.1M and CA$13.8M respectively. Quorum Information Technologies's EBIT is CA$3.4M making its interest coverage ratio 2.5. It has cash and short-term investments of CA$2.7M.
Key information
21.7%
Debt to equity ratio
CA$6.38m
Debt
| Interest coverage ratio | 2.5x |
| Cash | CA$2.69m |
| Equity | CA$29.36m |
| Total liabilities | CA$13.77m |
| Total assets | CA$43.13m |
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
Shareholders May Find It Hard To Justify Increasing Quorum Information Technologies Inc.'s (CVE:QIS) CEO Compensation For Now
Aug 23Investors Don't See Light At End Of Quorum Information Technologies Inc.'s (CVE:QIS) Tunnel
Aug 10Quorum 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$6.8M) exceed its short term liabilities (CA$3.4M).
Long Term Liabilities: QIS's short term assets (CA$6.8M) do not cover its long term liabilities (CA$10.4M).
Debt to Equity History and Analysis
Debt Level: QIS's net debt to equity ratio (12.5%) is considered satisfactory.
Reducing Debt: QIS's debt to equity ratio has reduced from 37.9% to 21.7% over the past 5 years.
Debt Coverage: QIS's debt is well covered by operating cash flow (85.1%).
Interest Coverage: QIS's interest payments on its debt are not well covered by EBIT (2.5x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/22 21:43 |
| End of Day Share Price | 2025/02/21 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
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 Github.
Analyst Sources
Quorum Information Technologies Inc. is covered by 2 analysts. 1 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 |
|---|---|
| Gavin Fairweather | Cormark Securities Inc. |
| David Kwan | Ventum Financial Corp |