QuickBit eu AB (publ)

NGM:QBIT Stock Report

Market Cap: SEK 418.5m

QuickBit eu Balance Sheet Health

Financial Health criteria checks 5/6

QuickBit eu has a total shareholder equity of €2.1M and total debt of €0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are €15.2M and €13.1M respectively.

Key information

0%

Debt to equity ratio

€0

Debt

Interest coverage ration/a
Cash€4.40m
Equity€2.10m
Total liabilities€13.10m
Total assets€15.20m

Recent financial health updates

No updates

Recent updates

QuickBit eu AB (publ) (NGM:QBIT) Stock Catapults 28% Though Its Price And Business Still Lag The Industry

Nov 12
QuickBit eu AB (publ) (NGM:QBIT) Stock Catapults 28% Though Its Price And Business Still Lag The Industry

QuickBit eu AB (publ) (NGM:QBIT) Not Doing Enough For Some Investors As Its Shares Slump 28%

Sep 27
QuickBit eu AB (publ) (NGM:QBIT) Not Doing Enough For Some Investors As Its Shares Slump 28%

QuickBit eu AB (publ) (NGM:QBIT) Surges 26% Yet Its Low P/S Is No Reason For Excitement

Aug 08
QuickBit eu AB (publ) (NGM:QBIT) Surges 26% Yet Its Low P/S Is No Reason For Excitement

QuickBit eu AB (publ) (NGM:QBIT) Held Back By Insufficient Growth Even After Shares Climb 116%

May 29
QuickBit eu AB (publ) (NGM:QBIT) Held Back By Insufficient Growth Even After Shares Climb 116%

QuickBit eu AB (publ)'s (NGM:QBIT) Shares Bounce 61% But Its Business Still Trails The Industry

Apr 14
QuickBit eu AB (publ)'s (NGM:QBIT) Shares Bounce 61% But Its Business Still Trails The Industry

QuickBit eu AB (publ) (NGM:QBIT) Surges 27% Yet Its Low P/S Is No Reason For Excitement

Feb 29
QuickBit eu AB (publ) (NGM:QBIT) Surges 27% Yet Its Low P/S Is No Reason For Excitement

The Return Trends At QuickBit eu (NGM:QBIT) Look Promising

Jan 28
The Return Trends At QuickBit eu (NGM:QBIT) Look Promising

Returns At QuickBit eu (NGM:QBIT) Are On The Way Up

Oct 19
Returns At QuickBit eu (NGM:QBIT) Are On The Way Up

QuickBit eu (NGM:QBIT) Is Looking To Continue Growing Its Returns On Capital

Jul 08
QuickBit eu (NGM:QBIT) Is Looking To Continue Growing Its Returns On Capital

QuickBit eu (NGM:QBIT) Is Very Good At Capital Allocation

Mar 04
QuickBit eu (NGM:QBIT) Is Very Good At Capital Allocation

Will Weakness in QuickBit eu AB (publ)'s (NGM:QBIT) Stock Prove Temporary Given Strong Fundamentals?

Feb 06
Will Weakness in QuickBit eu AB (publ)'s (NGM:QBIT) Stock Prove Temporary Given Strong Fundamentals?

A Look At The Fair Value Of QuickBit eu AB (publ) (NGM:QBIT)

Jan 11
A Look At The Fair Value Of QuickBit eu AB (publ) (NGM:QBIT)

If You Had Bought QuickBit eu's (NGM:QBIT) Shares A Year Ago You Would Be Down 49%

Dec 22
If You Had Bought QuickBit eu's (NGM:QBIT) Shares A Year Ago You Would Be Down 49%

The Trend Of High Returns At QuickBit eu (NGM:QBIT) Has Us Very Interested

Dec 04
The Trend Of High Returns At QuickBit eu (NGM:QBIT) Has Us Very Interested

Financial Position Analysis

Short Term Liabilities: QBIT's short term assets (€10.5M) do not cover its short term liabilities (€12.8M).

Long Term Liabilities: QBIT's short term assets (€10.5M) exceed its long term liabilities (€300.0K).

Debt to Equity History and Analysis

Debt Level: QBIT is debt free.

Reducing Debt: QBIT had no debt 5 years ago.

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 QBIT has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: QBIT is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 17.8% per year.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 16:39
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2024/06/30

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

QuickBit eu AB (publ) is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Hjalmar JernstromPenser Access