Quimpac Balance Sheet Health
Financial Health criteria checks 4/6
Quimpac has a total shareholder equity of $423.4M and total debt of $274.9M, which brings its debt-to-equity ratio to 64.9%. Its total assets and total liabilities are $863.8M and $440.4M respectively. Quimpac's EBIT is $69.0M making its interest coverage ratio 4.4. It has cash and short-term investments of $36.3M.
Key information
64.9%
Debt to equity ratio
US$274.94m
Debt
Interest coverage ratio | 4.4x |
Cash | US$36.29m |
Equity | US$423.43m |
Total liabilities | US$440.36m |
Total assets | US$863.80m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: QUIMPAC1's short term assets ($232.8M) exceed its short term liabilities ($169.0M).
Long Term Liabilities: QUIMPAC1's short term assets ($232.8M) do not cover its long term liabilities ($271.4M).
Debt to Equity History and Analysis
Debt Level: QUIMPAC1's net debt to equity ratio (56.4%) is considered high.
Reducing Debt: QUIMPAC1's debt to equity ratio has reduced from 69.5% to 64.9% over the past 5 years.
Debt Coverage: QUIMPAC1's debt is well covered by operating cash flow (54.4%).
Interest Coverage: QUIMPAC1's interest payments on its debt are well covered by EBIT (4.4x coverage).