QubicGames Balance Sheet Health
Financial Health criteria checks 6/6
QubicGames has a total shareholder equity of PLN9.5M and total debt of PLN619.8K, which brings its debt-to-equity ratio to 6.6%. Its total assets and total liabilities are PLN17.1M and PLN7.7M respectively. QubicGames's EBIT is PLN1.1M making its interest coverage ratio 15.5. It has cash and short-term investments of PLN2.7M.
Key information
6.6%
Debt to equity ratio
zł619.82k
Debt
| Interest coverage ratio | 15.5x |
| Cash | zł2.69m |
| Equity | zł9.45m |
| Total liabilities | zł7.66m |
| Total assets | zł17.12m |
Financial Position Analysis
Short Term Liabilities: QUB's short term assets (PLN8.5M) exceed its short term liabilities (PLN7.2M).
Long Term Liabilities: QUB's short term assets (PLN8.5M) exceed its long term liabilities (PLN462.8K).
Debt to Equity History and Analysis
Debt Level: QUB has more cash than its total debt.
Reducing Debt: QUB's debt to equity ratio has reduced from 8.8% to 6.6% over the past 5 years.
Debt Coverage: QUB's debt is well covered by operating cash flow (910.4%).
Interest Coverage: QUB's interest payments on its debt are well covered by EBIT (15.5x coverage).