FLYHT Aerospace Solutions Balance Sheet Health
Financial Health criteria checks 0/6
FLYHT Aerospace Solutions has a total shareholder equity of CA$-3.5M and total debt of CA$9.5M, which brings its debt-to-equity ratio to -275%. Its total assets and total liabilities are CA$13.1M and CA$16.5M respectively.
Key information
-275.0%
Debt to equity ratio
CA$9.50m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$1.51m |
| Equity | -CA$3.45m |
| Total liabilities | CA$16.53m |
| Total assets | CA$13.08m |
Recent financial health updates
We Think FLYHT Aerospace Solutions (CVE:FLY) Has A Fair Chunk Of Debt
Aug 07
FLYHT Aerospace Solutions (CVE:FLY) Is Making Moderate Use Of Debt
Jul 30Is FLYHT Aerospace Solutions (CVE:FLY) A Risky Investment?
Feb 23Would FLYHT Aerospace Solutions (CVE:FLY) Be Better Off With Less Debt?
Nov 07Does FLYHT Aerospace Solutions (CVE:FLY) Have A Healthy Balance Sheet?
Jul 24Recent updates
Investors Give FLYHT Aerospace Solutions Ltd. (CVE:FLY) Shares A 29% Hiding
Aug 13We Think FLYHT Aerospace Solutions (CVE:FLY) Has A Fair Chunk Of Debt
Aug 07Shareholders Will Likely Find FLYHT Aerospace Solutions Ltd.'s (CVE:FLY) CEO Compensation Acceptable
Jun 13FLYHT Aerospace Solutions Ltd.'s (CVE:FLY) Prospects Need A Boost To Lift Shares
Apr 28FLYHT Aerospace Solutions (CVE:FLY) Is Making Moderate Use Of Debt
Jul 30FLYHT Aerospace Solutions Ltd. (CVE:FLY) Might Not Be As Mispriced As It Looks
Apr 17Is FLYHT Aerospace Solutions (CVE:FLY) A Risky Investment?
Feb 23Would FLYHT Aerospace Solutions (CVE:FLY) Be Better Off With Less Debt?
Nov 07Does FLYHT Aerospace Solutions (CVE:FLY) Have A Healthy Balance Sheet?
Jul 24Is FLYHT Aerospace Solutions (CVE:FLY) Using Debt Sensibly?
Nov 26We Think FLYHT Aerospace Solutions (CVE:FLY) Has A Fair Chunk Of Debt
Aug 05Auditors Have Doubts About FLYHT Aerospace Solutions (CVE:FLY)
Apr 12Is FLYHT Aerospace Solutions (CVE:FLY) Using Too Much Debt?
Feb 25Market Sentiment Around Loss-Making FLYHT Aerospace Solutions Ltd. (CVE:FLY)
Jan 04
Financial Position Analysis
Short Term Liabilities: FLY has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: FLY 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: FLY has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: FLY's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: FLY has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: FLY has less than a year of cash runway if free cash flow continues to grow at historical rates of 10.2% each year.