Quicktouch Technologies Balance Sheet Health
Financial Health criteria checks 3/6
Quicktouch Technologies has a total shareholder equity of ₹265.8M and total debt of ₹213.6M, which brings its debt-to-equity ratio to 80.4%. Its total assets and total liabilities are ₹742.8M and ₹477.0M respectively. Quicktouch Technologies's EBIT is ₹96.5M making its interest coverage ratio 35.3. It has cash and short-term investments of ₹68.2M.
Key information
80.4%
Debt to equity ratio
₹213.64m
Debt
Interest coverage ratio | 35.3x |
Cash | ₹68.21m |
Equity | ₹265.78m |
Total liabilities | ₹477.03m |
Total assets | ₹742.80m |
Financial Position Analysis
Short Term Liabilities: QUICKTOUCH's short term assets (₹661.0M) exceed its short term liabilities (₹344.8M).
Long Term Liabilities: QUICKTOUCH's short term assets (₹661.0M) exceed its long term liabilities (₹132.2M).
Debt to Equity History and Analysis
Debt Level: QUICKTOUCH's net debt to equity ratio (54.7%) is considered high.
Reducing Debt: QUICKTOUCH's debt to equity ratio has increased from 0% to 80.4% over the past 5 years.
Debt Coverage: QUICKTOUCH's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: QUICKTOUCH's interest payments on its debt are well covered by EBIT (35.3x coverage).