Qube Holdings Balance Sheet Health
Financial Health criteria checks 3/6
Qube Holdings has a total shareholder equity of A$3.1B and total debt of A$1.4B, which brings its debt-to-equity ratio to 47.4%. Its total assets and total liabilities are A$6.0B and A$2.9B respectively. Qube Holdings's EBIT is A$270.9M making its interest coverage ratio 3.1. It has cash and short-term investments of A$185.9M.
Key information
47.4%
Debt to equity ratio
AU$1.45b
Debt
Interest coverage ratio | 3.1x |
Cash | AU$185.90m |
Equity | AU$3.06b |
Total liabilities | AU$2.94b |
Total assets | AU$6.00b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1K1's short term assets (A$902.7M) exceed its short term liabilities (A$804.8M).
Long Term Liabilities: 1K1's short term assets (A$902.7M) do not cover its long term liabilities (A$2.1B).
Debt to Equity History and Analysis
Debt Level: 1K1's net debt to equity ratio (41.3%) is considered high.
Reducing Debt: 1K1's debt to equity ratio has increased from 43.2% to 47.4% over the past 5 years.
Debt Coverage: 1K1's debt is well covered by operating cash flow (29.5%).
Interest Coverage: 1K1's interest payments on its debt are well covered by EBIT (3.1x coverage).