Ayro Balance Sheet Health

Financial Health criteria checks 6/6

Ayro has a total shareholder equity of $21.9M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $35.9M and $14.0M respectively.

Key information

Debt to equity ratio

US$0

Debt

Interest coverage ratio	n/a
Cash	US$18.86m
Equity	US$21.94m
Total liabilities	US$13.98m
Total assets	US$35.93m

Recent financial health updates

Recent updates

What Type Of Shareholders Own The Most Number of Ayro, Inc. (NASDAQ:AYRO) Shares?

Nov 19

AYRO reports Q3 results

Nov 06

Financial Position Analysis

Short Term Liabilities: AYRO's short term assets ($33.4M) exceed its short term liabilities ($5.1M).

Long Term Liabilities: AYRO's short term assets ($33.4M) exceed its long term liabilities ($8.9M).

Debt to Equity History and Analysis

Debt Level: AYRO is debt free.

Reducing Debt: AYRO currently has no debt however we can't compare to 5 years ago as we have no data for that period.

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: AYRO has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: AYRO has sufficient cash runway for 1.1 years if free cash flow continues to reduce at historical rates of 25.2% each year.

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 19:31
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Ayro, Inc. is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Barry Sine	Spartan Capital Securities, LLC
Brian Lantier	Zacks Small-Cap Research

Ayro Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

Ayro, Inc. announced delayed 10-Q filing

Nasdaq Grants 180 Extension to Ayro to Regain Compliance with Minimum Bid Price Requirement

Ayro, Inc. announced delayed 10-Q filing

AYRO, Inc. Regains Compliance with NASDAQ Listing Requirements

AYRO Announces Reverse Stock Split to Maintain Nasdaq Listing

AYRO Announces Reverse Stock Split to Maintain Nasdaq Listing

Recent updates

Ayro, Inc., Annual General Meeting, Dec 30, 2024

Ayro, Inc. (NasdaqCM:AYRO) announces an Equity Buyback for 418,478 shares, for $0.38 million.

Ayro, Inc. Appoints Joseph Ramelli as Chief Financial Officer

Ayro, Inc. announced delayed 10-Q filing

Nasdaq Grants 180 Extension to Ayro to Regain Compliance with Minimum Bid Price Requirement

AYRO, Inc. Announces Resignation of Thomas M. Wittenschlaeger, A Member of Board of Directors

Ayro, Inc. Appoints David Hollingsworth as Interim President of the Operations Division of Ayro, Ayro Operating Company, Inc

Ayro, Inc. announced delayed 10-Q filing

Ayro, Inc., Annual General Meeting, Dec 20, 2023

AYRO, Inc. Regains Compliance with NASDAQ Listing Requirements

AYRO Announces Reverse Stock Split to Maintain Nasdaq Listing

AYRO Announces Reverse Stock Split to Maintain Nasdaq Listing

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Ayro, Inc. to Report Q2, 2023 Results on Aug 14, 2023

New minor risk - Shareholder dilution

Ayro, Inc. announced that it expects to receive $22 million in funding

Is Ayro (NASDAQ:AYRO) In A Good Position To Deliver On Growth Plans?

First quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Full year 2022 earnings released: US$0.62 loss per share (vs US$0.94 loss in FY 2021)

We Think Ayro (NASDAQ:AYRO) Needs To Drive Business Growth Carefully

Ayro, Inc. Announces Completion of Pre-Production Model of AYRO Vanish

Third quarter 2022 earnings: EPS and revenues miss analyst expectations

Ayro, Inc. to Report Q3, 2022 Results on Nov 03, 2022

Ayro, Inc., Annual General Meeting, Dec 14, 2022

Will Ayro (NASDAQ:AYRO) Spend Its Cash Wisely?

Ayro, Inc. Announces the Release of the Ayro Vanish, the First Low-Speed Electric Vehicle

Ayro Receives Letter from the Listing Qualifications Department of the Nasdaq Stock Market Regarding Minimum Bid Price Requirement

Ayro, Inc. Appoints David E. Hollingsworth as Chief Financial Officer

AYRO gets new finance chief

Second quarter 2022 earnings: EPS and revenues miss analyst expectations

AYRO Q2 2022 Earnings Preview

Ayro, Inc. to Report Q2, 2022 Results on Aug 11, 2022

Ayro, Inc. to Report Q2, 2022 Results on Aug 11, 2022

We're Keeping An Eye On Ayro's (NASDAQ:AYRO) Cash Burn Rate

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Is Ayro (NASDAQ:AYRO) In A Good Position To Invest In Growth?

No longer forecast to breakeven

We're Hopeful That Ayro (NASDAQ:AYRO) Will Use Its Cash Wisely

No longer forecast to breakeven

Consultant notifies of intention to sell stock

Third quarter 2021 earnings released: US$0.33 loss per share (vs US$0.13 loss in 3Q 2020)

Ayro: Driven To Deliver Negative Shareholder Value

CEO, President & Director Rodney Keller has left the company

Here's Why We're Not Too Worried About Ayro's (NASDAQ:AYRO) Cash Burn Situation

Second quarter 2021 earnings released: US$0.22 loss per share (vs US$0.18 loss in 2Q 2020)

No longer forecast to breakeven

Independent Director notifies of intention to sell stock

CEO, President & Director notifies of intention to sell stock

Independent Director recently sold US$129k worth of stock

Forecast to breakeven in 2022

First quarter 2021 earnings released: US$0.18 loss per share (vs US$0.62 loss in 1Q 2020)

We Think Ayro (NASDAQ:AYRO) Can Afford To Drive Business Growth

Full year 2020 earnings released: US$0.73 loss per share (vs US$2.95 loss in FY 2019)

Ayro, Inc. Announces Launch of the Electric Vaccine Vehicle

New 90-day low: US$5.45

New 90-day high: US$11.49

Ayro, Inc. (NASDAQ:AYRO) Is Expected To Breakeven In The Near Future

Ayro: Another Entrant In The EV Bubble Race

Ayro: It Will Continue To Have Legs

Ayro Inc.: EV Production Ramp-Up Is The Theme To Watch

Ayro, Inc. has completed a Follow-on Equity Offering in the amount of $9.999994 million.

Just a pause? Investors cash out of some EV high-fliers

Ayro skyrockets on $10M registered direct offering

Ayro soars again in the EV spotlight; WKHS, BLNK and PLUG also higher

What Type Of Shareholders Own The Most Number of Ayro, Inc. (NASDAQ:AYRO) Shares?

Ayro, Inc., Annual General Meeting, Dec 17, 2020

AYRO reports Q3 results

Ayro, Inc. to Report Q3, 2020 Results on Nov 06, 2020

New 90-day low: US$2.57