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First Light Acquisition Group Balance Sheet Health
Financial Health criteria checks 1/6
First Light Acquisition Group has a total shareholder equity of $-12.0M and total debt of $1.5M, which brings its debt-to-equity ratio to -12.4%. Its total assets and total liabilities are $44.0M and $56.0M respectively.
Key information
-12.4%
Debt to equity ratio
US$1.49m
Debt
| Interest coverage ratio | n/a |
| Cash | US$669.87k |
| Equity | -US$11.97m |
| Total liabilities | US$55.98m |
| Total assets | US$44.01m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: FLAG has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: FLAG 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: FLAG has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: FLAG's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: FLAG's debt is well covered by operating cash flow (94.3%).
Interest Coverage: Insufficient data to determine if FLAG's interest payments on its debt are well covered by EBIT.