This company has been acquired
Quantum FinTech Acquisition Balance Sheet Health
Financial Health criteria checks 0/6
Quantum FinTech Acquisition has a total shareholder equity of $-11.1M and total debt of $2.8M, which brings its debt-to-equity ratio to -25.2%. Its total assets and total liabilities are $54.8M and $65.9M respectively.
Key information
-25.2%
Debt to equity ratio
US$2.80m
Debt
| Interest coverage ratio | n/a |
| Cash | US$712.81k |
| Equity | -US$11.12m |
| Total liabilities | US$65.91m |
| Total assets | US$54.79m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: QFTA has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: QFTA 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: QFTA has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: QFTA's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: QFTA's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if QFTA's interest payments on its debt are well covered by EBIT.