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Tuscan Holdings II Balance Sheet Health
Financial Health criteria checks 0/6
Key information
-86.3%
Debt to equity ratio
US$2.95m
Debt
Interest coverage ratio | n/a |
Cash | US$172.27k |
Equity | -US$3.42m |
Total liabilities | US$30.86m |
Total assets | US$27.44m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: THCA has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: THCA 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: THCA has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: THCA's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: THCA's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if THCA's interest payments on its debt are well covered by EBIT.