Volatus Aerospace Balance Sheet Health
Financial Health criteria checks 1/6
Volatus Aerospace has a total shareholder equity of CA$8.1M and total debt of CA$17.1M, which brings its debt-to-equity ratio to 210.9%. Its total assets and total liabilities are CA$34.5M and CA$26.4M respectively.
Key information
210.9%
Debt to equity ratio
CA$17.11m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$1.15m |
| Equity | CA$8.11m |
| Total liabilities | CA$26.41m |
| Total assets | CA$34.52m |
Financial Position Analysis
Short Term Liabilities: VOL's short term assets (CA$12.7M) exceed its short term liabilities (CA$8.0M).
Long Term Liabilities: VOL's short term assets (CA$12.7M) do not cover its long term liabilities (CA$18.4M).
Debt to Equity History and Analysis
Debt Level: VOL's net debt to equity ratio (196.7%) is considered high.
Reducing Debt: Insufficient data to determine if VOL's debt to equity ratio has reduced 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: VOL has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if VOL has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.