SKYX Platforms Balance Sheet Health
Financial Health criteria checks 5/6
SKYX Platforms has a total shareholder equity of $16.2M and total debt of $13.7M, which brings its debt-to-equity ratio to 84.3%. Its total assets and total liabilities are $76.3M and $60.1M respectively.
Key information
84.3%
Debt to equity ratio
US$13.67m
Debt
| Interest coverage ratio | n/a |
| Cash | US$16.81m |
| Equity | US$16.22m |
| Total liabilities | US$60.12m |
| Total assets | US$76.34m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: SKYX's short term assets ($27.3M) exceed its short term liabilities ($24.2M).
Long Term Liabilities: SKYX's short term assets ($27.3M) do not cover its long term liabilities ($35.9M).
Debt to Equity History and Analysis
Debt Level: SKYX has more cash than its total debt.
Reducing Debt: SKYX had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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: SKYX has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: SKYX has sufficient cash runway for 1.4 years if free cash flow continues to reduce at historical rates of 17.7% each year.