Inception Growth Acquisition Balance Sheet Health
Financial Health criteria checks 0/6
Inception Growth Acquisition has a total shareholder equity of $-4.2M and total debt of $376.0K, which brings its debt-to-equity ratio to -8.9%. Its total assets and total liabilities are $32.1M and $36.4M respectively.
Key information
-8.9%
Debt to equity ratio
US$376.01k
Debt
Interest coverage ratio | n/a |
Cash | US$60.44k |
Equity | -US$4.24m |
Total liabilities | US$36.35m |
Total assets | US$32.12m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IGTA has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: IGTA 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 has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: IGTA's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: IGTA's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if IGTA's interest payments on its debt are well covered by EBIT.