Quality & ReliabilityE.E Balance Sheet Health
Financial Health criteria checks 2/6
Quality & ReliabilityE.E has a total shareholder equity of €3.0M and total debt of €6.3M, which brings its debt-to-equity ratio to 215%. Its total assets and total liabilities are €15.9M and €13.0M respectively. Quality & ReliabilityE.E's EBIT is €1.1M making its interest coverage ratio 2.7. It has cash and short-term investments of €2.4M.
Key information
215.0%
Debt to equity ratio
€6.35m
Debt
| Interest coverage ratio | 2.7x |
| Cash | €2.38m |
| Equity | €2.95m |
| Total liabilities | €12.98m |
| Total assets | €15.93m |
Recent financial health updates
Quality & ReliabilityE.E (ATH:QUAL) Seems To Be Using A Lot Of Debt
Oct 03
Quality & ReliabilityE.E (ATH:QUAL) Takes On Some Risk With Its Use Of Debt
Nov 23Is Quality & ReliabilityE.E (ATH:QUAL) Using Too Much Debt?
Nov 17Does Quality & ReliabilityE.E (ATH:QUAL) Have A Healthy Balance Sheet?
May 25Recent updates
Financial Position Analysis
Short Term Liabilities: QUAL's short term assets (€12.7M) exceed its short term liabilities (€10.2M).
Long Term Liabilities: QUAL's short term assets (€12.7M) exceed its long term liabilities (€2.8M).
Debt to Equity History and Analysis
Debt Level: QUAL's net debt to equity ratio (134.3%) is considered high.
Reducing Debt: QUAL's debt to equity ratio has increased from 55% to 215% over the past 5 years.
Debt Coverage: QUAL's debt is not well covered by operating cash flow (8.9%).
Interest Coverage: QUAL's interest payments on its debt are not well covered by EBIT (2.7x coverage).