Target Global Acquisition I Balance Sheet Health
Financial Health criteria checks 0/6
Target Global Acquisition I has a total shareholder equity of $-7.8M and total debt of $2.6M, which brings its debt-to-equity ratio to -33.8%. Its total assets and total liabilities are $44.3M and $52.1M respectively.
Key information
-33.8%
Debt to equity ratio
US$2.63m
Debt
Interest coverage ratio | n/a |
Cash | US$10.04k |
Equity | -US$7.77m |
Total liabilities | US$52.08m |
Total assets | US$44.31m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TGAA.U has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: TGAA.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: TGAA.U has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: TGAA.U's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: TGAA.U's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if TGAA.U's interest payments on its debt are well covered by EBIT.