FLYHT Aerospace Solutions Balance Sheet Health
Financial Health criteria checks 4/6
FLYHT Aerospace Solutions has a total shareholder equity of CA$1.1M and total debt of CA$4.5M, which brings its debt-to-equity ratio to 412.7%. Its total assets and total liabilities are CA$13.2M and CA$12.1M respectively.
Key information
412.7%
Debt to equity ratio
CA$4.50m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$1.81m |
| Equity | CA$1.09m |
| Total liabilities | CA$12.12m |
| Total assets | CA$13.20m |
Recent financial health updates
FLYHT Aerospace Solutions (CVE:FLY) Is Making Moderate Use Of Debt
Jul 30
Is 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 05Recent updates
FLYHT 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's short term assets (CA$6.7M) do not cover its short term liabilities (CA$6.9M).
Long Term Liabilities: FLY's short term assets (CA$6.7M) exceed its long term liabilities (CA$5.2M).
Debt to Equity History and Analysis
Debt Level: FLY's net debt to equity ratio (247%) is considered high.
Reducing Debt: FLY had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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: Whilst unprofitable FLY has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: FLY is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 7.7% per year.