Industrial Tech Acquisitions II Balance Sheet Health
Financial Health criteria checks 0/6
Industrial Tech Acquisitions II has a total shareholder equity of $-9.7M and total debt of $50.0K, which brings its debt-to-equity ratio to -0.5%. Its total assets and total liabilities are $15.1M and $24.8M respectively.
Key information
-0.5%
Debt to equity ratio
US$50.00k
Debt
| Interest coverage ratio | n/a |
| Cash | US$475.26k |
| Equity | -US$9.67m |
| Total liabilities | US$24.79m |
| Total assets | US$15.12m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ITAQ has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: ITAQ 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: ITAQ has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: ITAQ's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: ITAQ's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if ITAQ's interest payments on its debt are well covered by EBIT.