FTAC Emerald Acquisition Balance Sheet Health
Financial Health criteria checks 0/6
FTAC Emerald Acquisition has a total shareholder equity of $-7.4M and total debt of $3.4M, which brings its debt-to-equity ratio to -46.5%. Its total assets and total liabilities are $52.2M and $59.6M respectively.
Key information
-46.5%
Debt to equity ratio
US$3.44m
Debt
| Interest coverage ratio | n/a |
| Cash | US$20.44k |
| Equity | -US$7.40m |
| Total liabilities | US$59.56m |
| Total assets | US$52.16m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FLD has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: FLD 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: FLD has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: FLD's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: FLD's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if FLD's interest payments on its debt are well covered by EBIT.