Quisitive Technology Solutions Balance Sheet Health
Financial Health criteria checks 6/6
Quisitive Technology Solutions has a total shareholder equity of $95.1M and total debt of $31.2M, which brings its debt-to-equity ratio to 32.8%. Its total assets and total liabilities are $149.3M and $54.2M respectively. Quisitive Technology Solutions's EBIT is $3.2M making its interest coverage ratio 0.6. It has cash and short-term investments of $9.7M.
Key information
32.8%
Debt to equity ratio
US$31.22m
Debt
| Interest coverage ratio | 0.6x |
| Cash | US$9.70m |
| Equity | US$95.15m |
| Total liabilities | US$54.17m |
| Total assets | US$149.31m |
Recent financial health updates
We Think Quisitive Technology Solutions (CVE:QUIS) Can Stay On Top Of Its Debt
Apr 14
We Think Quisitive Technology Solutions (CVE:QUIS) Can Stay On Top Of Its Debt
Dec 24We Think Quisitive Technology Solutions (CVE:QUIS) Is Taking Some Risk With Its Debt
Aug 10Is Quisitive Technology Solutions (CVE:QUIS) Using Too Much Debt?
Apr 22These 4 Measures Indicate That Quisitive Technology Solutions (CVE:QUIS) Is Using Debt Extensively
Nov 11Recent updates
The Market Lifts Quisitive Technology Solutions, Inc. (CVE:QUIS) Shares 30% But It Can Do More
Aug 23Quisitive Technology Solutions, Inc.'s (CVE:QUIS) CEO Compensation Is Looking A Bit Stretched At The Moment
Aug 07Quisitive Technology Solutions, Inc.'s (CVE:QUIS) Revenues Are Not Doing Enough For Some Investors
Jun 19We Think Quisitive Technology Solutions (CVE:QUIS) Can Stay On Top Of Its Debt
Apr 14We Think Quisitive Technology Solutions (CVE:QUIS) Can Stay On Top Of Its Debt
Dec 24We Think Quisitive Technology Solutions (CVE:QUIS) Is Taking Some Risk With Its Debt
Aug 10Is Quisitive Technology Solutions (CVE:QUIS) Using Too Much Debt?
Apr 22These 4 Measures Indicate That Quisitive Technology Solutions (CVE:QUIS) Is Using Debt Extensively
Nov 11This Just In: Analysts Are Boosting Their Quisitive Technology Solutions, Inc. (CVE:QUIS) Outlook for Next Year
Apr 12Is Quisitive Technology Solutions, Inc. (CVE:QUIS) Trading At A 41% Discount?
Mar 22Financial Position Analysis
Short Term Liabilities: QUIS's short term assets ($37.2M) exceed its short term liabilities ($25.1M).
Long Term Liabilities: QUIS's short term assets ($37.2M) exceed its long term liabilities ($29.0M).
Debt to Equity History and Analysis
Debt Level: QUIS's net debt to equity ratio (22.6%) is considered satisfactory.
Reducing Debt: QUIS's debt to equity ratio has reduced from 417.3% to 32.8% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable QUIS has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: QUIS is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 51.7% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 09:07 |
| End of Day Share Price | 2024/12/20 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 here.
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 .
Analyst Sources
Quisitive Technology Solutions, Inc. is covered by 9 analysts. 8 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 |
|---|---|
| Gabriel Leung | Beacon Securities Limited |
| Robert Young | Canaccord Genuity |
| Gavin Fairweather | Cormark Securities Inc. |