Quorum Information Technologies Balance Sheet Health
Financial Health criteria checks 3/6
Quorum Information Technologies has a total shareholder equity of CA$27.1M and total debt of CA$10.6M, which brings its debt-to-equity ratio to 39%. Its total assets and total liabilities are CA$45.8M and CA$18.8M respectively. Quorum Information Technologies's EBIT is CA$1.2M making its interest coverage ratio 0.9. It has cash and short-term investments of CA$3.6M.
Key information
39.0%
Debt to equity ratio
CA$10.57m
Debt
Interest coverage ratio | 0.9x |
Cash | CA$3.60m |
Equity | CA$27.06m |
Total liabilities | CA$18.77m |
Total assets | CA$45.83m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: QIFT.F's short term assets (CA$8.0M) exceed its short term liabilities (CA$3.9M).
Long Term Liabilities: QIFT.F's short term assets (CA$8.0M) do not cover its long term liabilities (CA$14.9M).
Debt to Equity History and Analysis
Debt Level: QIFT.F's net debt to equity ratio (25.7%) is considered satisfactory.
Reducing Debt: QIFT.F's debt to equity ratio has increased from 36.3% to 39% over the past 5 years.
Debt Coverage: QIFT.F's debt is well covered by operating cash flow (43.7%).
Interest Coverage: QIFT.F's interest payments on its debt are not well covered by EBIT (0.9x coverage).