SKYX Platforms Balance Sheet Health
Financial Health criteria checks 3/6
SKYX Platforms has a total shareholder equity of $3.8M and total debt of $16.6M, which brings its debt-to-equity ratio to 432.8%. Its total assets and total liabilities are $65.0M and $61.1M respectively.
Key information
432.8%
Debt to equity ratio
US$16.60m
Debt
| Interest coverage ratio | n/a |
| Cash | US$10.17m |
| Equity | US$3.83m |
| Total liabilities | US$61.14m |
| Total assets | US$64.97m |
Recent financial health updates
Here's Why SKYX Platforms (NASDAQ:SKYX) Can Afford Some Debt
Jul 18
Is SKYX Platforms (NASDAQ:SKYX) A Risky Investment?
Mar 28Recent updates
Investors Give SKYX Platforms Corp. (NASDAQ:SKYX) Shares A 29% Hiding
Nov 24SKYX Platforms Corp. (NASDAQ:SKYX) Might Not Be As Mispriced As It Looks After Plunging 31%
Aug 29Here's Why SKYX Platforms (NASDAQ:SKYX) Can Afford Some Debt
Jul 18Positive Sentiment Still Eludes SKYX Platforms Corp. (NASDAQ:SKYX) Following 32% Share Price Slump
Apr 20Is SKYX Platforms (NASDAQ:SKYX) A Risky Investment?
Mar 28SKYX Platforms GAAP EPS of -$0.06, revenue of $7.39M
Aug 12Financial Position Analysis
Short Term Liabilities: SKYX's short term assets ($19.0M) do not cover its short term liabilities ($30.8M).
Long Term Liabilities: SKYX's short term assets ($19.0M) do not cover its long term liabilities ($30.4M).
Debt to Equity History and Analysis
Debt Level: SKYX's net debt to equity ratio (167.5%) is considered high.
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 8 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: SKYX has sufficient cash runway for 1.4 years if free cash flow continues to reduce at historical rates of 19.3% each year.