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Sound Point Acquisition Corp I Balance Sheet Health
Financial Health criteria checks 1/6
Sound Point Acquisition Corp I has a total shareholder equity of $-11.1M and total debt of $40.0K, which brings its debt-to-equity ratio to -0.4%. Its total assets and total liabilities are $274.2M and $285.3M respectively.
Key information
-0.4%
Debt to equity ratio
US$40.00k
Debt
| Interest coverage ratio | n/a |
| Cash | US$499.30k |
| Equity | -US$11.08m |
| Total liabilities | US$285.28m |
| Total assets | US$274.20m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SPCM.U has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: SPCM.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: SPCM.U has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: SPCM.U's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: SPCM.U's debt is well covered by operating cash flow (11070.7%).
Interest Coverage: Insufficient data to determine if SPCM.U's interest payments on its debt are well covered by EBIT.