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Pivotal Investment Corporation III Balance Sheet Health
Financial Health criteria checks 3/6
Pivotal Investment III has a total shareholder equity of $-11.7M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $20.9M and $32.7M respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
Interest coverage ratio | n/a |
Cash | US$29.10k |
Equity | -US$11.74m |
Total liabilities | US$32.67m |
Total assets | US$20.93m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PICC has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: PICC 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: PICC is debt free.
Reducing Debt: PICC's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: PICC has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: PICC has no debt, therefore coverage of interest payments is not a concern.