Prime Impact Acquisition I Balance Sheet Health
Financial Health criteria checks 0/6
Prime Impact Acquisition I has a total shareholder equity of $-7.0M and total debt of $3.5M, which brings its debt-to-equity ratio to -50%. Its total assets and total liabilities are $49.6M and $56.6M respectively.
Key information
-50.0%
Debt to equity ratio
US$3.51m
Debt
Interest coverage ratio | n/a |
Cash | US$106.45k |
Equity | -US$7.01m |
Total liabilities | US$56.61m |
Total assets | US$49.60m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: PRIA.F has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: PRIA.F 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: PRIA.F has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: PRIA.F's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: PRIA.F's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if PRIA.F's interest payments on its debt are well covered by EBIT.