Ace Global Business Acquisition Balance Sheet Health
Financial Health criteria checks 0/6
Ace Global Business Acquisition has a total shareholder equity of $-6.9M and total debt of $4.9M, which brings its debt-to-equity ratio to -71.8%. Its total assets and total liabilities are $23.4M and $30.3M respectively.
Key information
-71.8%
Debt to equity ratio
US$4.94m
Debt
| Interest coverage ratio | n/a |
| Cash | US$68.54k |
| Equity | -US$6.88m |
| Total liabilities | US$30.28m |
| Total assets | US$23.40m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: ACBA has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: ACBA 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: ACBA has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: ACBA's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: ACBA's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if ACBA's interest payments on its debt are well covered by EBIT.