Finnovate Acquisition Balance Sheet Health
Financial Health criteria checks 0/6
Finnovate Acquisition has a total shareholder equity of $-2.8M and total debt of $1.3M, which brings its debt-to-equity ratio to -48%. Its total assets and total liabilities are $51.2M and $54.0M respectively.
Key information
-48.0%
Debt to equity ratio
US$1.34m
Debt
Interest coverage ratio | n/a |
Cash | US$37.00 |
Equity | -US$2.80m |
Total liabilities | US$54.03m |
Total assets | US$51.24m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FNVT has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: FNVT 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: FNVT has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: FNVT's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: FNVT's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if FNVT's interest payments on its debt are well covered by EBIT.