Quality Industrial Balance Sheet Health
Financial Health criteria checks 3/6
Quality Industrial has a total shareholder equity of $2.0M and total debt of $2.6M, which brings its debt-to-equity ratio to 134.4%. Its total assets and total liabilities are $17.1M and $15.1M respectively.
Key information
134.4%
Debt to equity ratio
US$2.63m
Debt
| Interest coverage ratio | n/a |
| Cash | US$887.53k |
| Equity | US$1.95m |
| Total liabilities | US$15.11m |
| Total assets | US$17.06m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: QIND's short term assets ($6.3M) do not cover its short term liabilities ($10.1M).
Long Term Liabilities: QIND's short term assets ($6.3M) exceed its long term liabilities ($5.0M).
Debt to Equity History and Analysis
Debt Level: QIND's net debt to equity ratio (89%) is considered high.
Reducing Debt: QIND's debt to equity ratio has increased from 57.9% to 134.4% 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 44.5% per year.