COVA Acquisition Balance Sheet Health
Financial Health criteria checks 0/6
Key information
-6.2%
Debt to equity ratio
US$953.50k
Debt
| Interest coverage ratio | n/a |
| Cash | US$2.44k |
| Equity | -US$15.50m |
| Total liabilities | US$317.72m |
| Total assets | US$302.22m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: COVA.U has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: COVA.U 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: COVA.U has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: COVA.U's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: COVA.U's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if COVA.U's interest payments on its debt are well covered by EBIT.