SKYX Platforms Balance Sheet Health
Financial Health criteria checks 5/6
SKYX Platforms has a total shareholder equity of $13.5M and total debt of $16.8M, which brings its debt-to-equity ratio to 124.6%. Its total assets and total liabilities are $74.2M and $60.7M respectively.
Key information
124.6%
Debt to equity ratio
US$16.81m
Debt
| Interest coverage ratio | n/a |
| Cash | US$14.15m |
| Equity | US$13.50m |
| Total liabilities | US$60.69m |
| Total assets | US$74.19m |
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
Financial Position Analysis
Short Term Liabilities: SKYX's short term assets ($25.5M) exceed its short term liabilities ($24.3M).
Long Term Liabilities: SKYX's short term assets ($25.5M) do not cover its long term liabilities ($36.4M).
Debt to Equity History and Analysis
Debt Level: SKYX's net debt to equity ratio (19.7%) is considered satisfactory.
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 11 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: SKYX has sufficient cash runway for 1.6 years if free cash flow continues to reduce at historical rates of 18.1% each year.