Company / Shareholders' Equity
Electromedical Technologies, Inc Shareholders' Equity History
FY2020-FY2023 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Shareholders' Equity
-$2.9M
FY2023
5-year range
-$2.9M / -$722.5K
FY2020-FY2023
Trend
-29.4%
vs FY2022
Sector context
Sector data unavailable
Latest sector comparison
What the data says
Electromedical Technologies, Inc reports negative total equity of -$3M in FY2023. Negative equity can occur when accumulated losses exceed contributed capital, as reported in the balance sheet from the SEC filing.
Based on SEC 10-K filings.
-$3M in FY2023.
Declined from -$722,503 to -$3M over the past 2 years.
Shareholders' Equity over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Key checks
Key Insights
- In FY2023, shareholders' equity decreased 29.4% year-over-year.
Company context
Key Data Points
- Altman Z-Score -40.98 (distress zone, below 1.23 threshold)
- Cash-backed earnings: Operating cash flow exceeds net income
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Shareholders' EquityValue | YoY GrowthYoY |
|---|---|---|
| FY2023 | -$2.9M | -29.4% |
| FY2022 | -$2.2M | -207.4% |
| FY2021 | -$722.5K | +45.2% |
| FY2020 | -$1.3M | - |