OmniLit Acquisition Balance Sheet Health
Financial Health criteria checks 0/6
OmniLit Acquisition has a total shareholder equity of $-1.1M and total debt of $694.9K, which brings its debt-to-equity ratio to -62.4%. Its total assets and total liabilities are $14.8M and $15.9M respectively.
Key information
-62.4%
Debt to equity ratio
US$694.94k
Debt
| Interest coverage ratio | n/a |
| Cash | US$325.10k |
| Equity | -US$1.11m |
| Total liabilities | US$15.93m |
| Total assets | US$14.82m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OLIT has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: OLIT 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: OLIT has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: OLIT's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: OLIT's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if OLIT's interest payments on its debt are well covered by EBIT.