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
NOK 206.12m
Debt
| Interest coverage ratio | 2.6x |
| Cash | NOK 61.50m |
| Equity | NOK 544.60m |
| Total liabilities | NOK 557.12m |
| Total assets | NOK 1.10b |
Recent financial health updates
Recent updates
Is Q-Free (OB:QFR) A Risky Investment?
Sep 28
There's No Escaping Q-Free ASA's (OB:QFR) Muted Revenues Despite A 105% Share Price Rise
Sep 28Insider Buying: The Q-Free ASA (OB:QFR) Director Just Bought 67% More Shares
Feb 15
A Look At Q-Free's (OB:QFR) Share Price Returns
Jan 28Does Q-Free's (OB:QFR) CEO Salary Compare Well With Industry Peers?
Dec 05Financial Position Analysis
Short Term Liabilities: QFR's short term assets (NOK468.7M) exceed its short term liabilities (NOK356.2M).
Long Term Liabilities: QFR's short term assets (NOK468.7M) exceed its long term liabilities (NOK200.9M).
Debt to Equity History and Analysis
Debt Level: QFR's net debt to equity ratio (26.6%) is considered satisfactory.
Reducing Debt: QFR'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 QFR has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: QFR 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.
Discover healthy companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/12/15 11:57 |
| End of Day Share Price | 2023/12/15 00:00 |
| Earnings | 2023/09/30 |
| Annual Earnings | 2022/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Q-Free ASA is covered by 7 analysts. of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Aksel Øverland Engebakken | ABG Sundal Collier |
| Eirik Øritsland | ABG Sundal Collier Sponsored |
| Markus Bjerke | Arctic Securities ASA |