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New Providence Acquisition II Balance Sheet Health
Financial Health criteria checks 0/6
New Providence Acquisition II has a total shareholder equity of $-13.5M and total debt of $690.0K, which brings its debt-to-equity ratio to -5.1%. Its total assets and total liabilities are $7.8M and $21.3M respectively.
Key information
-5.1%
Debt to equity ratio
US$690.00k
Debt
| Interest coverage ratio | n/a |
| Cash | US$206.18k |
| Equity | -US$13.53m |
| Total liabilities | US$21.29m |
| Total assets | US$7.75m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NPAB has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: NPAB 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: NPAB has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: NPAB's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: NPAB's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if NPAB's interest payments on its debt are well covered by EBIT.