Nightfood Holdings Balance Sheet Health
Financial Health criteria checks 0/6
Nightfood Holdings has a total shareholder equity of $-2.8M and total debt of $2.2M, which brings its debt-to-equity ratio to -80%. Its total assets and total liabilities are $302.9K and $3.1M respectively.
Key information
-80.0%
Debt to equity ratio
US$2.24m
Debt
Interest coverage ratio | n/a |
Cash | US$5.80k |
Equity | -US$2.80m |
Total liabilities | US$3.11m |
Total assets | US$302.87k |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NGTF has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: NGTF 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: NGTF has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: NGTF's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: NGTF's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if NGTF's interest payments on its debt are well covered by EBIT.