Innovative Energy Group Balance Sheet Health
Financial Health criteria checks 0/6
Innovative Energy Group has a total shareholder equity of JMD-14.0M and total debt of JMD4.2M, which brings its debt-to-equity ratio to -29.9%. Its total assets and total liabilities are JMD207.0K and JMD14.2M respectively.
Key information
-29.9%
Debt to equity ratio
JA$4.19m
Debt
| Interest coverage ratio | n/a |
| Cash | JA$115.00k |
| Equity | -JA$13.98m |
| Total liabilities | JA$14.19m |
| Total assets | JA$207.00k |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ENERGY has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: ENERGY 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: ENERGY has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: ENERGY's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: ENERGY's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if ENERGY's interest payments on its debt are well covered by EBIT.