QubicGames Balance Sheet Health
Financial Health criteria checks 6/6
QubicGames has a total shareholder equity of PLN10.1M and total debt of PLN637.8K, which brings its debt-to-equity ratio to 6.3%. Its total assets and total liabilities are PLN18.8M and PLN8.7M respectively. QubicGames's EBIT is PLN1.5M making its interest coverage ratio 18.4. It has cash and short-term investments of PLN1.4M.
Key information
6.3%
Debt to equity ratio
zł637.81k
Debt
Interest coverage ratio | 18.4x |
Cash | zł1.38m |
Equity | zł10.09m |
Total liabilities | zł8.74m |
Total assets | zł18.83m |
Financial Position Analysis
Short Term Liabilities: QUB's short term assets (PLN9.4M) exceed its short term liabilities (PLN8.4M).
Long Term Liabilities: QUB's short term assets (PLN9.4M) exceed its long term liabilities (PLN358.7K).
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% to 6.3% over the past 5 years.
Debt Coverage: QUB's debt is well covered by operating cash flow (705.6%).
Interest Coverage: QUB's interest payments on its debt are well covered by EBIT (18.4x coverage).