Q-Free Balance Sheet Health
Financial Health criteria checks 6/6
Q-Free has a total shareholder equity of NOK544.6M and total debt of NOK206.1M, which brings its debt-to-equity ratio to 37.8%. Its total assets and total liabilities are NOK1.1B and NOK557.1M respectively. Q-Free's EBIT is NOK41.1M making its interest coverage ratio 2.6. It has cash and short-term investments of NOK61.5M.
Key information
37.8%
Debt to equity ratio
kr206.12m
Debt
Interest coverage ratio | 2.6x |
Cash | kr61.50m |
Equity | kr544.60m |
Total liabilities | kr557.12m |
Total assets | kr1.10b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 8UG's short term assets (NOK468.7M) exceed its short term liabilities (NOK356.2M).
Long Term Liabilities: 8UG's short term assets (NOK468.7M) exceed its long term liabilities (NOK200.9M).
Debt to Equity History and Analysis
Debt Level: 8UG's net debt to equity ratio (26.6%) is considered satisfactory.
Reducing Debt: 8UG's debt to equity ratio has reduced from 58.4% to 37.8% 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 8UG has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 8UG is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 11.4% per year.