Air Industries Group Balance Sheet Health
Financial Health criteria checks 5/6
Air Industries Group has a total shareholder equity of $14.9M and total debt of $23.8M, which brings its debt-to-equity ratio to 160%. Its total assets and total liabilities are $49.8M and $34.9M respectively. Air Industries Group's EBIT is $1.1M making its interest coverage ratio 0.6. It has cash and short-term investments of $247.0K.
Key information
160.0%
Debt to equity ratio
US$23.83m
Debt
| Interest coverage ratio | 0.6x |
| Cash | US$247.00k |
| Equity | US$14.89m |
| Total liabilities | US$34.93m |
| Total assets | US$49.82m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: YH1's short term assets ($37.6M) exceed its short term liabilities ($25.8M).
Long Term Liabilities: YH1's short term assets ($37.6M) exceed its long term liabilities ($9.1M).
Debt to Equity History and Analysis
Debt Level: YH1's net debt to equity ratio (158.3%) is considered high.
Reducing Debt: YH1's debt to equity ratio has reduced from 244.5% to 160% 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: Whilst unprofitable YH1 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: YH1 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 36.3% per year.