Quality Industrial Balance Sheet Health
Financial Health criteria checks 3/6
Quality Industrial has a total shareholder equity of $743.5K and total debt of $7.7M, which brings its debt-to-equity ratio to 1037.1%. Its total assets and total liabilities are $8.9M and $8.1M respectively.
Key information
1,037.1%
Debt to equity ratio
US$7.71m
Debt
Interest coverage ratio | n/a |
Cash | US$2.49k |
Equity | US$743.50k |
Total liabilities | US$8.11m |
Total assets | US$8.86m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: QIND's short term assets ($2.4M) do not cover its short term liabilities ($5.8M).
Long Term Liabilities: QIND's short term assets ($2.4M) exceed its long term liabilities ($2.3M).
Debt to Equity History and Analysis
Debt Level: QIND's net debt to equity ratio (1036.7%) is considered high.
Reducing Debt: QIND's debt to equity ratio has increased from 105.5% to 1037.1% over the past 5 years.
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 QIND has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: QIND is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 73.9% per year.