Ideanomics, Inc. IDEX NASDAQ

Ideanomics, Inc. (IDEX) reported total assets of $116.88M and total liabilities of $137.16M for fiscal year 2023, resulting in total equity of $-20.27M.

The company held $1.25M in cash and short-term investments. Total debt stood at $42.54M, with net debt of $41.29M. The Debt-to-Equity (D/E) ratio was -2.1 (conservative).

Current ratio is 0.28, which may signal tight short-term liquidity. Interest coverage is -23.6x (weak).

Criteria supported by this page:

• HEALTH (0/100, Fail) — the balance sheet shows elevated risk in debt or liquidity metrics
• MOAT (0/100) — Total assets $116.88M and equity $-20.27M support the company's competitive scale
• VALUE (100/100) — Debt-to-Equity -2.1 contributes to the overall valuation risk assessment

Overall SharesGrow Score: 38/100 with 2/7 criteria passed.

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