Electromagnetic Geoservices Balance Sheet Health
Financial Health criteria checks 2/6
Electromagnetic Geoservices has a total shareholder equity of $-875.0K and total debt of $24.4M, which brings its debt-to-equity ratio to -2792%. Its total assets and total liabilities are $38.8M and $39.7M respectively. Electromagnetic Geoservices's EBIT is $13.9M making its interest coverage ratio 4.1. It has cash and short-term investments of $8.2M.
Key information
-2,792.0%
Debt to equity ratio
US$24.43m
Debt
| Interest coverage ratio | 4.1x |
| Cash | US$8.21m |
| Equity | -US$875.00k |
| Total liabilities | US$39.66m |
| Total assets | US$38.78m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EMGSO has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: EMGSO 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: EMGSO has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: EMGSO's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: EMGSO's debt is well covered by operating cash flow (53%).
Interest Coverage: EMGSO's interest payments on its debt are well covered by EBIT (4.1x coverage).