Ameritek Ventures Balance Sheet Health
Financial Health criteria checks 1/6
Ameritek Ventures has a total shareholder equity of $227.0K and total debt of $2.0M, which brings its debt-to-equity ratio to 878.8%. Its total assets and total liabilities are $3.7M and $3.5M respectively. Ameritek Ventures's EBIT is $200.6K making its interest coverage ratio 1. It has cash and short-term investments of $2.2K.
Key information
878.8%
Debt to equity ratio
US$1.99m
Debt
| Interest coverage ratio | 1x |
| Cash | US$2.22k |
| Equity | US$226.98k |
| Total liabilities | US$3.47m |
| Total assets | US$3.70m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ATVK's short term assets ($67.0K) do not cover its short term liabilities ($1.5M).
Long Term Liabilities: ATVK's short term assets ($67.0K) do not cover its long term liabilities ($2.0M).
Debt to Equity History and Analysis
Debt Level: ATVK's net debt to equity ratio (877.8%) is considered high.
Reducing Debt: ATVK had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: ATVK's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: ATVK's interest payments on its debt are not well covered by EBIT (1x coverage).