Target Global Acquisition I Balance Sheet Health
Financial Health criteria checks 0/6
Target Global Acquisition I has a total shareholder equity of $-2.1M and total debt of $1.3M, which brings its debt-to-equity ratio to -63.5%. Its total assets and total liabilities are $45.0M and $47.0M respectively.
Key information
-63.5%
Debt to equity ratio
US$1.30m
Debt
| Interest coverage ratio | n/a |
| Cash | US$5.69k |
| Equity | -US$2.05m |
| Total liabilities | US$47.00m |
| Total assets | US$44.95m |
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.