OceanTech Acquisitions I Balance Sheet Health
Financial Health criteria checks 0/6
OceanTech Acquisitions I has a total shareholder equity of $-11.4M and total debt of $1.7M, which brings its debt-to-equity ratio to -14.5%. Its total assets and total liabilities are $9.4M and $20.8M respectively.
Key information
-14.5%
Debt to equity ratio
US$1.65m
Debt
Interest coverage ratio | n/a |
Cash | US$101.17k |
Equity | -US$11.42m |
Total liabilities | US$20.81m |
Total assets | US$9.39m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: OTAC has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: OTAC 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: OTAC has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: OTAC's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: OTAC's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if OTAC's interest payments on its debt are well covered by EBIT.