Quorum Information Technologies Balance Sheet Health
Financial Health criteria checks 4/6
Quorum Information Technologies has a total shareholder equity of CA$29.4M and total debt of CA$6.4M, which brings its debt-to-equity ratio to 21.7%. Its total assets and total liabilities are CA$43.1M and CA$13.8M respectively. Quorum Information Technologies's EBIT is CA$3.6M making its interest coverage ratio 2.7. It has cash and short-term investments of CA$2.7M.
Key information
21.7%
Debt to equity ratio
CA$6.38m
Debt
| Interest coverage ratio | 2.7x |
| Cash | CA$2.69m |
| Equity | CA$29.36m |
| Total liabilities | CA$13.77m |
| Total assets | CA$43.13m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: QIFT.F's short term assets (CA$6.8M) exceed its short term liabilities (CA$3.4M).
Long Term Liabilities: QIFT.F's short term assets (CA$6.8M) do not cover its long term liabilities (CA$10.4M).
Debt to Equity History and Analysis
Debt Level: QIFT.F's net debt to equity ratio (12.5%) is considered satisfactory.
Reducing Debt: QIFT.F's debt to equity ratio has reduced from 37.9% to 21.7% over the past 5 years.
Debt Coverage: QIFT.F's debt is well covered by operating cash flow (111.2%).
Interest Coverage: QIFT.F's interest payments on its debt are not well covered by EBIT (2.7x coverage).