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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 11:35 |
| End of Day Share Price | 2024/12/30 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
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Industry and Sector Metrics
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Analyst Sources
Fly-E Group, Inc. is covered by 0 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 |
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