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Horizon Acquisition Corporation II Balance Sheet Health
Financial Health criteria checks 0/6
Horizon Acquisition II has a total shareholder equity of $-30.6M and total debt of $1.5M, which brings its debt-to-equity ratio to -4.9%. Its total assets and total liabilities are $173.2M and $203.7M respectively.
Key information
-4.9%
Debt to equity ratio
US$1.50m
Debt
Interest coverage ratio | n/a |
Cash | US$28.65k |
Equity | -US$30.56m |
Total liabilities | US$203.75m |
Total assets | US$173.19m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: HZON has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: HZON 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: HZON has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: HZON's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: HZON's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if HZON's interest payments on its debt are well covered by EBIT.