Technology & Telecommunication Acquisition Balance Sheet Health
Financial Health criteria checks 0/6
Technology & Telecommunication Acquisition has a total shareholder equity of $-7.8M and total debt of $2.5M, which brings its debt-to-equity ratio to -32.7%. Its total assets and total liabilities are $34.6M and $42.4M respectively.
Key information
-32.7%
Debt to equity ratio
US$2.54m
Debt
Interest coverage ratio | n/a |
Cash | US$1.13k |
Equity | -US$7.76m |
Total liabilities | US$42.36m |
Total assets | US$34.60m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: TETE has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: TETE 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: TETE has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: TETE's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: TETE's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if TETE's interest payments on its debt are well covered by EBIT.