Global Lights Acquisition Balance Sheet Health
Financial Health criteria checks 0/6
Global Lights Acquisition has a total shareholder equity of $-2.9M and total debt of $224.9K, which brings its debt-to-equity ratio to -7.7%. Its total assets and total liabilities are $72.6M and $75.5M respectively.
Key information
-7.7%
Debt to equity ratio
US$224.93k
Debt
| Interest coverage ratio | n/a |
| Cash | US$1.19k |
| Equity | -US$2.93m |
| Total liabilities | US$75.54m |
| Total assets | US$72.61m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GLAC.U has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: GLAC.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: GLAC.U has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: GLAC.U's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: GLAC.U's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if GLAC.U's interest payments on its debt are well covered by EBIT.