Adit EdTech Acquisition Balance Sheet Health
Financial Health criteria checks 0/6
Adit EdTech Acquisition has a total shareholder equity of $-15.9M and total debt of $1.9M, which brings its debt-to-equity ratio to -12.3%. Its total assets and total liabilities are $21.9M and $37.7M respectively.
Key information
-12.3%
Debt to equity ratio
US$1.94m
Debt
| Interest coverage ratio | n/a |
| Cash | US$225.60k |
| Equity | -US$15.85m |
| Total liabilities | US$37.73m |
| Total assets | US$21.88m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ADEX has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: ADEX 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: ADEX has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: ADEX's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: ADEX's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if ADEX's interest payments on its debt are well covered by EBIT.