Quality & ReliabilityE.E Balance Sheet Health
Financial Health criteria checks 3/6
Quality & ReliabilityE.E has a total shareholder equity of €2.9M and total debt of €5.3M, which brings its debt-to-equity ratio to 182.9%. Its total assets and total liabilities are €16.4M and €13.5M respectively. Quality & ReliabilityE.E's EBIT is €1.3M making its interest coverage ratio 2.5. It has cash and short-term investments of €1.5M.
Key information
182.9%
Debt to equity ratio
€5.32m
Debt
| Interest coverage ratio | 2.5x |
| Cash | €1.52m |
| Equity | €2.91m |
| Total liabilities | €13.53m |
| Total assets | €16.44m |
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 (€13.2M) exceed its short term liabilities (€11.3M).
Long Term Liabilities: QUAL's short term assets (€13.2M) exceed its long term liabilities (€2.2M).
Debt to Equity History and Analysis
Debt Level: QUAL's net debt to equity ratio (130.5%) is considered high.
Reducing Debt: QUAL's debt to equity ratio has increased from 58.3% to 182.9% over the past 5 years.
Debt Coverage: QUAL's debt is well covered by operating cash flow (27.3%).
Interest Coverage: QUAL's interest payments on its debt are not well covered by EBIT (2.5x coverage).