Twin Ridge Capital Acquisition Balance Sheet Health
Financial Health criteria checks 0/6
Twin Ridge Capital Acquisition has a total shareholder equity of $-7.1M and total debt of $640.0K, which brings its debt-to-equity ratio to -9.1%. Its total assets and total liabilities are $66.0M and $73.1M respectively.
Key information
-9.1%
Debt to equity ratio
US$640.00k
Debt
| Interest coverage ratio | n/a |
| Cash | US$130.32k |
| Equity | -US$7.06m |
| Total liabilities | US$73.09m |
| Total assets | US$66.03m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TRCA.U has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: TRCA.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: TRCA.U has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: TRCA.U's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: TRCA.U's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if TRCA.U's interest payments on its debt are well covered by EBIT.