Quality Chemical Industries Balance Sheet Health
Financial Health criteria checks 6/6
Quality Chemical Industries has a total shareholder equity of UGX188.2B and total debt of UGX0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are UGX232.0B and UGX43.8B respectively. Quality Chemical Industries's EBIT is UGX43.7B making its interest coverage ratio -9.3. It has cash and short-term investments of UGX53.5B.
Key information
0%
Debt to equity ratio
USh0
Debt
Interest coverage ratio | -9.3x |
Cash | USh53.45b |
Equity | USh188.20b |
Total liabilities | USh43.78b |
Total assets | USh231.98b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: QCIL's short term assets (UGX167.2B) exceed its short term liabilities (UGX43.5B).
Long Term Liabilities: QCIL's short term assets (UGX167.2B) exceed its long term liabilities (UGX323.5M).
Debt to Equity History and Analysis
Debt Level: QCIL is debt free.
Reducing Debt: QCIL has no debt compared to 5 years ago when its debt to equity ratio was 30.8%.
Debt Coverage: QCIL has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: QCIL has no debt, therefore coverage of interest payments is not a concern.