Music Acquisition Balance Sheet Health
Financial Health criteria checks 0/6
Music Acquisition has a total shareholder equity of $-9.0M and total debt of $380.0K, which brings its debt-to-equity ratio to -4.2%. Its total assets and total liabilities are $231.3M and $240.4M respectively.
Key information
-4.2%
Debt to equity ratio
US$380.00k
Debt
| Interest coverage ratio | n/a |
| Cash | US$116.61k |
| Equity | -US$9.04m |
| Total liabilities | US$240.38m |
| Total assets | US$231.34m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TMAC.U has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: TMAC.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: TMAC.U has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: TMAC.U's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: TMAC.U's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if TMAC.U's interest payments on its debt are well covered by EBIT.