Blue Line Protection Group Balance Sheet Health
Financial Health criteria checks 2/6
Blue Line Protection Group has a total shareholder equity of $-1.4M and total debt of $1.6M, which brings its debt-to-equity ratio to -114%. Its total assets and total liabilities are $1.9M and $3.2M respectively. Blue Line Protection Group's EBIT is $762.7K making its interest coverage ratio 3.1. It has cash and short-term investments of $585.8K.
Key information
-114.0%
Debt to equity ratio
US$1.57m
Debt
Interest coverage ratio | 3.1x |
Cash | US$585.78k |
Equity | -US$1.37m |
Total liabilities | US$3.23m |
Total assets | US$1.86m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BLPG has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: BLPG 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: BLPG has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: BLPG's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: BLPG's debt is well covered by operating cash flow (47.6%).
Interest Coverage: BLPG's interest payments on its debt are well covered by EBIT (3.1x coverage).