Detroit Legal News Balance Sheet Health
Financial Health criteria checks 6/6
Detroit Legal News has a total shareholder equity of $11.8M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $13.4M and $1.6M respectively. Detroit Legal News's EBIT is $3.0M making its interest coverage ratio -38. It has cash and short-term investments of $7.1M.
Key information
0%
Debt to equity ratio
US$0
Debt
Interest coverage ratio | -38x |
Cash | US$7.14m |
Equity | US$11.82m |
Total liabilities | US$1.58m |
Total assets | US$13.40m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DTRL's short term assets ($12.2M) exceed its short term liabilities ($1.4M).
Long Term Liabilities: DTRL's short term assets ($12.2M) exceed its long term liabilities ($198.8K).
Debt to Equity History and Analysis
Debt Level: DTRL is debt free.
Reducing Debt: DTRL has no debt compared to 5 years ago when its debt to equity ratio was 0.9%.
Debt Coverage: DTRL has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: DTRL has no debt, therefore coverage of interest payments is not a concern.