Fly-E Group Balance Sheet Health
Financial Health criteria checks 1/6
Fly-E Group has a total shareholder equity of $13.8M and total debt of $7.0M, which brings its debt-to-equity ratio to 50.5%. Its total assets and total liabilities are $38.2M and $24.3M respectively. Fly-E Group's EBIT is $131.8K making its interest coverage ratio 0.7. It has cash and short-term investments of $1.3M.
Key information
50.5%
Debt to equity ratio
US$6.99m
Debt
| Interest coverage ratio | 0.7x |
| Cash | US$1.27m |
| Equity | US$13.83m |
| Total liabilities | US$24.34m |
| Total assets | US$38.17m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: FLYE's short term assets ($13.2M) exceed its short term liabilities ($10.9M).
Long Term Liabilities: FLYE's short term assets ($13.2M) do not cover its long term liabilities ($13.5M).
Debt to Equity History and Analysis
Debt Level: FLYE's net debt to equity ratio (41.3%) is considered high.
Reducing Debt: Insufficient data to determine if FLYE's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: FLYE's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: FLYE's interest payments on its debt are not well covered by EBIT (0.7x coverage).