Inception Mining Balance Sheet Health
Financial Health criteria checks 1/6
Inception Mining has a total shareholder equity of $-184.6K and total debt of $1.0M, which brings its debt-to-equity ratio to -557.7%. Its total assets and total liabilities are $2.3M and $2.5M respectively.
Key information
-557.7%
Debt to equity ratio
US$1.03m
Debt
Interest coverage ratio | n/a |
Cash | US$40.63k |
Equity | -US$184.62k |
Total liabilities | US$2.51m |
Total assets | US$2.32m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IMII has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: IMII 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: IMII has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: IMII's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: IMII's debt is well covered by operating cash flow (70%).
Interest Coverage: Insufficient data to determine if IMII's interest payments on its debt are well covered by EBIT.