Quest Patent Research Balance Sheet Health
Financial Health criteria checks 2/6
Quest Patent Research has a total shareholder equity of $-7.7M and total debt of $10.2M, which brings its debt-to-equity ratio to -132.7%. Its total assets and total liabilities are $4.3M and $12.0M respectively. Quest Patent Research's EBIT is $12.6M making its interest coverage ratio 14. It has cash and short-term investments of $136.8K.
Key information
-132.7%
Debt to equity ratio
US$10.22m
Debt
| Interest coverage ratio | 14x |
| Cash | US$136.78k |
| Equity | -US$7.70m |
| Total liabilities | US$12.02m |
| Total assets | US$4.32m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: QPRC has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: QPRC has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: QPRC has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: QPRC's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: QPRC's debt is well covered by operating cash flow (31.4%).
Interest Coverage: QPRC's interest payments on its debt are well covered by EBIT (14x coverage).