IMAC Holdings Inc Total Liabilities
IMAC Holdings Inc total liabilities. Based on the latest financial reports, IMAC Holdings Inc (BACK) has total liabilities worth $6.27 Million USD as of December 2024. Total liabilities represent everything the company owes to external parties, combining both current liabilities—like accounts payable, short-term debt, and accrued expenses—and non-current liabilities such as long-term debt, pension obligations, lease liabilities, and deferred tax liabilities. See BACK cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Total Liabilities of IMAC Holdings Inc (2016–2024)
Total liabilities of IMAC Holdings Inc from 2016 to 2024. This chart illustrates how IMAC Holdings Inc's total liabilities have evolved over time, based on quarterly financial data. Check IMAC Holdings Inc (BACK) asset resilience to evaluate the company's liquid asset resilience ratio.
IMAC Holdings Inc Competitors by Total Liabilities
The table below lists competitors of IMAC Holdings Inc ranked by their total liabilities.
| Company | Country | Total Liabilities |
|---|---|---|
|
MYCELX Technologies Corporation
LSE:MYX
|
UK | GBX4.52 Million |
|
Mosman Oil and Gas Ltd
LSE:MSMN
|
UK | GBX955.96K |
|
Cerinnov Group SA
PA:ALPCV
|
France | €13.77 Million |
|
Inspired Plc
LSE:INSE
|
UK | GBX94.73 Million |
|
Altona Rare Earths PLC
LSE:REE
|
UK | GBX830.00K |
|
Croma Security Solutions Group Plc
LSE:CSSG
|
UK | GBX2.03 Million |
|
Airea Plc
LSE:AIEA
|
UK | GBX9.75 Million |
Liability Composition Analysis (2016–2024)
This chart breaks down IMAC Holdings Inc's total liabilities into key components over time: long-term debt, short-term debt, other current liabilities, and other non-current liabilities. Toggle between absolute values and percentage view to see how the composition has shifted. For the complete balance sheet picture, see how large is IMAC Holdings Inc's balance sheet.
Liquidity & Leverage Metrics
IMAC Holdings Inc Total Liabilities Ratios Explained
IMAC Holdings Inc total liabilities ratios compare its liabilities with its current assets, cash and shareholder equity.
| Metric | Value | Description |
|---|---|---|
| Current Ratio | 0.08 | Measures ability to pay short-term obligations (Current Assets ÷ Current Liabilities) |
| Quick Ratio | N/A | More stringent measure of short-term liquidity ((Current Assets - Inventory) ÷ Current Liabilities) |
| Cash Ratio | N/A | Most conservative liquidity measure (Cash & Equivalents ÷ Current Liabilities) |
| Debt to Equity | -1.31 | Measures financial leverage (Total Liabilities ÷ Shareholder Equity) |
| Debt to Assets | 4.27 | Portion of assets financed with debt (Total Liabilities ÷ Total Assets) |
Liability Trends Comparison
This chart compares key liability metrics across different time periods, showing how IMAC Holdings Inc's debt structure has evolved. The comparison includes total liabilities, long-term debt, and current liabilities.
Annual Total Liabilities for IMAC Holdings Inc (2016–2024)
The table below shows the annual total liabilities of IMAC Holdings Inc from 2016 to 2024.
| Year | Total Liabilities | Change |
|---|---|---|
| 2024-12-31 | $7.98 Million | +320.87% |
| 2023-12-31 | $1.90 Million | -70.50% |
| 2022-12-31 | $6.43 Million | -30.68% |
| 2021-12-31 | $9.28 Million | -22.26% |
| 2020-12-31 | $11.93 Million | -4.39% |
| 2019-12-31 | $12.48 Million | -16.83% |
| 2018-12-31 | $15.01 Million | +1254.84% |
| 2017-12-31 | $1.11 Million | +100.99% |
| 2016-12-31 | $551.09K | -- |
About IMAC Holdings Inc
IMAC Holdings, Inc. does not have significant operations. Previously, it owned and managed innovative medical advancements and care regeneration centers, and backspace clinics. The company was founded in 2000 and is headquartered in Brentwood, Tennessee.