Quart Development Balance Sheet Health
Financial Health criteria checks 4/6
Quart Development has a total shareholder equity of PLN39.0M and total debt of PLN2.4M, which brings its debt-to-equity ratio to 6.2%. Its total assets and total liabilities are PLN44.2M and PLN5.2M respectively. Quart Development's EBIT is PLN763.7K making its interest coverage ratio 6.6. It has cash and short-term investments of PLN3.7M.
Key information
6.2%
Debt to equity ratio
zł2.40m
Debt
| Interest coverage ratio | 6.6x |
| Cash | zł3.70m |
| Equity | zł38.96m |
| Total liabilities | zł5.23m |
| Total assets | zł44.19m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: QRT's short term assets (PLN40.3M) exceed its short term liabilities (PLN2.4M).
Long Term Liabilities: QRT's short term assets (PLN40.3M) exceed its long term liabilities (PLN2.8M).
Debt to Equity History and Analysis
Debt Level: QRT has more cash than its total debt.
Reducing Debt: QRT's debt to equity ratio has increased from 2.1% to 6.2% over the past 5 years.
Debt Coverage: QRT's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: QRT's interest payments on its debt are well covered by EBIT (6.6x coverage).