IX Acquisition Balance Sheet Health
Financial Health criteria checks 0/6
IX Acquisition has a total shareholder equity of $-10.7M and total debt of $2.3M, which brings its debt-to-equity ratio to -21.7%. Its total assets and total liabilities are $31.9M and $42.7M respectively.
Key information
-21.7%
Debt to equity ratio
US$2.33m
Debt
Interest coverage ratio | n/a |
Cash | US$6.88k |
Equity | -US$10.73m |
Total liabilities | US$42.68m |
Total assets | US$31.94m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IXAQ.U has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: IXAQ.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: IXAQ.U has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: IXAQ.U's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: IXAQ.U's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if IXAQ.U's interest payments on its debt are well covered by EBIT.