QXO Balance Sheet Health
Financial Health criteria checks 6/6
QXO has a total shareholder equity of $7.6M and total debt of $1.6M, which brings its debt-to-equity ratio to 20.7%. Its total assets and total liabilities are $20.9M and $13.2M respectively. QXO's EBIT is $1.5M making its interest coverage ratio 26.2. It has cash and short-term investments of $6.3M.
Key information
20.7%
Debt to equity ratio
US$1.58m
Debt
Interest coverage ratio | 26.2x |
Cash | US$6.28m |
Equity | US$7.61m |
Total liabilities | US$13.25m |
Total assets | US$20.86m |
Recent financial health updates
Recent updates
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Nov 10Financial Position Analysis
Short Term Liabilities: QXO's short term assets ($12.5M) exceed its short term liabilities ($12.0M).
Long Term Liabilities: QXO's short term assets ($12.5M) exceed its long term liabilities ($1.3M).
Debt to Equity History and Analysis
Debt Level: QXO has more cash than its total debt.
Reducing Debt: QXO's debt to equity ratio has reduced from 34.8% to 20.7% over the past 5 years.
Debt Coverage: QXO's debt is well covered by operating cash flow (109.9%).
Interest Coverage: QXO's interest payments on its debt are well covered by EBIT (26.2x coverage).