Quest Patent Research Balance Sheet Health
Financial Health criteria checks 1/6
Quest Patent Research has a total shareholder equity of $-4.9M and total debt of $10.4M, which brings its debt-to-equity ratio to -214%. Its total assets and total liabilities are $7.3M and $12.1M respectively. Quest Patent Research's EBIT is $10.4M making its interest coverage ratio 9.8. It has cash and short-term investments of $563.5K.
Key information
-214.0%
Debt to equity ratio
US$10.41m
Debt
Interest coverage ratio | 9.8x |
Cash | US$563.48k |
Equity | -US$4.86m |
Total liabilities | US$12.14m |
Total assets | US$7.27m |
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 not well covered by operating cash flow (18.5%).
Interest Coverage: QPRC's interest payments on its debt are well covered by EBIT (9.8x coverage).