Magnum Opus Acquisition Balance Sheet Health
Financial Health criteria checks 0/6
Magnum Opus Acquisition has a total shareholder equity of $-13.9M and total debt of $396.7K, which brings its debt-to-equity ratio to -2.9%. Its total assets and total liabilities are $68.2M and $82.1M respectively.
Key information
-2.9%
Debt to equity ratio
US$396.70k
Debt
| Interest coverage ratio | n/a |
| Cash | US$516.53k |
| Equity | -US$13.90m |
| Total liabilities | US$82.15m |
| Total assets | US$68.25m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: OPA has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: OPA 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: OPA has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: OPA's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: OPA's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if OPA's interest payments on its debt are well covered by EBIT.