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Growth for Good Acquisition Balance Sheet Health
Financial Health criteria checks 0/6
Growth for Good Acquisition has a total shareholder equity of $-13.2M and total debt of $2.5M, which brings its debt-to-equity ratio to -19.1%. Its total assets and total liabilities are $264.3M and $277.5M respectively.
Key information
-19.1%
Debt to equity ratio
US$2.53m
Debt
| Interest coverage ratio | n/a |
| Cash | US$76.35k |
| Equity | -US$13.22m |
| Total liabilities | US$277.49m |
| Total assets | US$264.27m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GFGD.U has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: GFGD.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: GFGD.U has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: GFGD.U's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: GFGD.U's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if GFGD.U's interest payments on its debt are well covered by EBIT.