AgEagle Aerial Systems Balance Sheet Health
Financial Health criteria checks 3/6
AgEagle Aerial Systems has a total shareholder equity of $10.7M and total debt of $5.4M, which brings its debt-to-equity ratio to 50.3%. Its total assets and total liabilities are $25.2M and $14.5M respectively.
Key information
50.3%
Debt to equity ratio
US$5.39m
Debt
Interest coverage ratio | n/a |
Cash | US$819.02k |
Equity | US$10.70m |
Total liabilities | US$14.46m |
Total assets | US$25.16m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 29Z's short term assets ($10.5M) do not cover its short term liabilities ($11.0M).
Long Term Liabilities: 29Z's short term assets ($10.5M) exceed its long term liabilities ($3.4M).
Debt to Equity History and Analysis
Debt Level: 29Z's net debt to equity ratio (42.7%) is considered high.
Reducing Debt: 29Z's debt to equity ratio has increased from 0.6% to 50.3% 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: 29Z has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: 29Z is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.