Relativity Acquisition Balance Sheet Health
Financial Health criteria checks 2/6
Relativity Acquisition has a total shareholder equity of $239.1K and total debt of $5.1K, which brings its debt-to-equity ratio to 2.1%. Its total assets and total liabilities are $3.2M and $2.9M respectively.
Key information
2.1%
Debt to equity ratio
US$5.06k
Debt
| Interest coverage ratio | n/a |
| Cash | US$1.43m |
| Equity | US$239.06k |
| Total liabilities | US$2.92m |
| Total assets | US$3.16m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: RACY's short term assets ($1.5M) exceed its short term liabilities ($662.1K).
Long Term Liabilities: RACY's short term assets ($1.5M) do not cover its long term liabilities ($2.3M).
Debt to Equity History and Analysis
Debt Level: RACY has more cash than its total debt.
Reducing Debt: Insufficient data to determine if RACY's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: RACY's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if RACY's interest payments on its debt are well covered by EBIT.