Feutune Light Acquisition Balance Sheet Health
Financial Health criteria checks 0/6
Feutune Light Acquisition has a total shareholder equity of $-6.1M and total debt of $2.2M, which brings its debt-to-equity ratio to -35.3%. Its total assets and total liabilities are $54.1M and $60.3M respectively.
Key information
-35.3%
Debt to equity ratio
US$2.16m
Debt
Interest coverage ratio | n/a |
Cash | US$18.33k |
Equity | -US$6.12m |
Total liabilities | US$60.26m |
Total assets | US$54.14m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FLFV.U has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: FLFV.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: FLFV.U has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: FLFV.U's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: FLFV.U's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if FLFV.U's interest payments on its debt are well covered by EBIT.