Swiftmerge Acquisition Balance Sheet Health
Financial Health criteria checks 0/6
Swiftmerge Acquisition has a total shareholder equity of CA$-2.9M and total debt of CA$600.0K, which brings its debt-to-equity ratio to -20.5%. Its total assets and total liabilities are CA$24.5M and CA$27.4M respectively.
Key information
-20.5%
Debt to equity ratio
CA$600.00k
Debt
Interest coverage ratio | n/a |
Cash | CA$148.35k |
Equity | -CA$2.92m |
Total liabilities | CA$27.45m |
Total assets | CA$24.52m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IVCP has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: IVCP 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: IVCP has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: IVCP's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: IVCP's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if IVCP's interest payments on its debt are well covered by EBIT.