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Minority Equality Opportunities Acquisition Balance Sheet Health
Financial Health criteria checks 0/6
Minority Equality Opportunities Acquisition has a total shareholder equity of $-8.7M and total debt of $1.8M, which brings its debt-to-equity ratio to -20.4%. Its total assets and total liabilities are $10.9M and $19.6M respectively.
Key information
-20.4%
Debt to equity ratio
US$1.77m
Debt
Interest coverage ratio | n/a |
Cash | US$225.47k |
Equity | -US$8.66m |
Total liabilities | US$19.60m |
Total assets | US$10.95m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: MEOA has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: MEOA 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: MEOA has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: MEOA's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: MEOA's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if MEOA's interest payments on its debt are well covered by EBIT.