Inception Growth Acquisition Balance Sheet Health
Financial Health criteria checks 0/6
Inception Growth Acquisition has a total shareholder equity of $-5.8M and total debt of $1.9M, which brings its debt-to-equity ratio to -31.9%. Its total assets and total liabilities are $14.7M and $20.6M respectively.
Key information
-31.9%
Debt to equity ratio
US$1.86m
Debt
| Interest coverage ratio | n/a |
| Cash | US$11.30k |
| Equity | -US$5.85m |
| Total liabilities | US$20.58m |
| Total assets | US$14.74m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IGTA.U has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: IGTA.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: IGTA.U has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: IGTA.U's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: IGTA.U's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if IGTA.U's interest payments on its debt are well covered by EBIT.