FLYHT Aerospace Solutions Balance Sheet Health
Financial Health criteria checks 2/6
FLYHT Aerospace Solutions has a total shareholder equity of CA$345.2K and total debt of CA$5.3M, which brings its debt-to-equity ratio to 1548.7%. Its total assets and total liabilities are CA$13.2M and CA$12.8M respectively.
Key information
1,548.7%
Debt to equity ratio
CA$5.35m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$1.36m |
| Equity | CA$345.17k |
| Total liabilities | CA$12.82m |
| Total assets | CA$13.17m |
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 24Is FLYHT Aerospace Solutions (CVE:FLY) Using Debt Sensibly?
Nov 26Recent updates
We 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's short term assets (CA$6.7M) do not cover its short term liabilities (CA$7.6M).
Long Term Liabilities: FLY's short term assets (CA$6.7M) exceed its long term liabilities (CA$5.3M).
Debt to Equity History and Analysis
Debt Level: FLY's net debt to equity ratio (1155.7%) is considered high.
Reducing Debt: FLY's debt to equity ratio has reduced from 2027.8% to 1548.7% over the past 5 years.
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 13.2% each year.