Quipt Home Medical Balance Sheet Health
Financial Health criteria checks 3/6
Quipt Home Medical has a total shareholder equity of $110.6M and total debt of $77.9M, which brings its debt-to-equity ratio to 70.4%. Its total assets and total liabilities are $243.9M and $133.3M respectively. Quipt Home Medical's EBIT is $5.0M making its interest coverage ratio 0.6. It has cash and short-term investments of $18.3M.
Key information
70.4%
Debt to equity ratio
US$77.89m
Debt
Interest coverage ratio | 0.6x |
Cash | US$18.33m |
Equity | US$110.60m |
Total liabilities | US$133.30m |
Total assets | US$243.89m |
Recent financial health updates
Recent updates
Quipt Home Medical receives commitment letter for $80M of credit facilities
Aug 15Quipt Business Progresses, Stock Price Should Soon Follow
Jul 26Quipt acquires Hometown Medical, scoops fourth firm in four months
Jul 11Quipt: At A Turning Point, Seeking 40% Return Objective
Jun 29Quipt Convertible Debenture Hedging Provides An Incredible Opportunity
Apr 04Quipt's Recent Announcements Signal Good Times Ahead
Nov 30Quipt Home Medical: Acquisitions And Earnings Breathe Life Back Into Shares
Aug 31Quipt: Warrant Overhang Creates Attractive Prices
Jun 18Financial Position Analysis
Short Term Liabilities: QIPT's short term assets ($65.8M) exceed its short term liabilities ($58.0M).
Long Term Liabilities: QIPT's short term assets ($65.8M) do not cover its long term liabilities ($75.3M).
Debt to Equity History and Analysis
Debt Level: QIPT's net debt to equity ratio (53.9%) is considered high.
Reducing Debt: QIPT's debt to equity ratio has increased from 28.4% to 70.4% 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 QIPT has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: QIPT is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 32.2% per year.