Cavitation Technologies Balance Sheet Health
Financial Health criteria checks 2/6
Cavitation Technologies has a total shareholder equity of $-480.0K and total debt of $139.0K, which brings its debt-to-equity ratio to -29%. Its total assets and total liabilities are $248.0K and $728.0K respectively. Cavitation Technologies's EBIT is $438.0K making its interest coverage ratio -438. It has cash and short-term investments of $179.0K.
Key information
-29.0%
Debt to equity ratio
US$139.00k
Debt
| Interest coverage ratio | -438x |
| Cash | US$179.00k |
| Equity | -US$480.00k |
| Total liabilities | US$728.00k |
| Total assets | US$248.00k |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CVAT has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: CVAT 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: CVAT has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: CVAT's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: CVAT's debt is well covered by operating cash flow (123.7%).
Interest Coverage: CVAT earns more interest than it pays, so coverage of interest payments is not a concern.