Air Industries Group Balance Sheet Health
Financial Health criteria checks 5/6
Air Industries Group has a total shareholder equity of $15.2M and total debt of $22.4M, which brings its debt-to-equity ratio to 147.6%. Its total assets and total liabilities are $50.7M and $35.5M respectively.
Key information
147.6%
Debt to equity ratio
US$22.43m
Debt
Interest coverage ratio | n/a |
Cash | US$346.00k |
Equity | US$15.19m |
Total liabilities | US$35.53m |
Total assets | US$50.72m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: YH1's short term assets ($38.7M) exceed its short term liabilities ($26.6M).
Long Term Liabilities: YH1's short term assets ($38.7M) exceed its long term liabilities ($8.9M).
Debt to Equity History and Analysis
Debt Level: YH1's net debt to equity ratio (145.4%) is considered high.
Reducing Debt: YH1's debt to equity ratio has reduced from 200.6% to 147.6% 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 39.2% per year.