Edify Acquisition Balance Sheet Health
Financial Health criteria checks 0/6
Edify Acquisition has a total shareholder equity of $-7.7M and total debt of $3.0M, which brings its debt-to-equity ratio to -39.6%. Its total assets and total liabilities are $11.1M and $18.7M respectively.
Key information
-39.6%
Debt to equity ratio
US$3.04m
Debt
| Interest coverage ratio | n/a |
| Cash | US$57.73k |
| Equity | -US$7.68m |
| Total liabilities | US$18.74m |
| Total assets | US$11.06m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EAC has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: EAC 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: EAC has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: EAC's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: EAC's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if EAC's interest payments on its debt are well covered by EBIT.