Target Global Acquisition I Balance Sheet Health
Financial Health criteria checks 0/6
Target Global Acquisition I has a total shareholder equity of $-6.8M and total debt of $2.0M, which brings its debt-to-equity ratio to -29.4%. Its total assets and total liabilities are $43.4M and $50.3M respectively.
Key information
-29.4%
Debt to equity ratio
US$2.01m
Debt
Interest coverage ratio | n/a |
Cash | US$4.63k |
Equity | -US$6.83m |
Total liabilities | US$50.28m |
Total assets | US$43.45m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TGAA has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: TGAA 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 has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: TGAA's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: TGAA's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if TGAA's interest payments on its debt are well covered by EBIT.