SKYX Platforms Balance Sheet Health
Financial Health criteria checks 2/6
SKYX Platforms has a total shareholder equity of $9.5M and total debt of $17.8M, which brings its debt-to-equity ratio to 187.9%. Its total assets and total liabilities are $69.2M and $59.7M respectively.
Key information
187.9%
Debt to equity ratio
US$17.82m
Debt
| Interest coverage ratio | n/a |
| Cash | US$10.68m |
| Equity | US$9.48m |
| Total liabilities | US$59.68m |
| Total assets | US$69.16m |
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
SKYX 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 ($21.6M) do not cover its short term liabilities ($28.1M).
Long Term Liabilities: SKYX's short term assets ($21.6M) do not cover its long term liabilities ($31.6M).
Debt to Equity History and Analysis
Debt Level: SKYX's net debt to equity ratio (75.2%) 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 less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: SKYX has sufficient cash runway for 1.6 years if free cash flow continues to reduce at historical rates of 18.7% each year.