BYTE Acquisition Balance Sheet Health
Financial Health criteria checks 0/6
BYTE Acquisition has a total shareholder equity of $-18.1M and total debt of $140.6K, which brings its debt-to-equity ratio to -0.8%. Its total assets and total liabilities are $25.3M and $43.4M respectively.
Key information
-0.8%
Debt to equity ratio
US$140.56k
Debt
| Interest coverage ratio | n/a |
| Cash | US$18.75k |
| Equity | -US$18.10m |
| Total liabilities | US$43.39m |
| Total assets | US$25.29m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BYTS has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: BYTS 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: BYTS has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: BYTS's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: BYTS's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if BYTS's interest payments on its debt are well covered by EBIT.