Blue Line Protection Group Balance Sheet Health
Financial Health criteria checks 1/6
Blue Line Protection Group has a total shareholder equity of $-1.2M and total debt of $1.4M, which brings its debt-to-equity ratio to -114.8%. Its total assets and total liabilities are $1.9M and $3.1M respectively. Blue Line Protection Group's EBIT is $615.1K making its interest coverage ratio 2.5. It has cash and short-term investments of $848.4K.
Key information
-114.8%
Debt to equity ratio
US$1.39m
Debt
| Interest coverage ratio | 2.5x |
| Cash | US$848.41k |
| Equity | -US$1.21m |
| Total liabilities | US$3.11m |
| Total assets | US$1.90m |
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 (44.1%).
Interest Coverage: BLPG's interest payments on its debt are not well covered by EBIT (2.5x coverage).