This company has been acquired
Volta Balance Sheet Health
Financial Health criteria checks 1/6
Key information
8.2%
Debt to equity ratio
US$12.48m
Debt
| Interest coverage ratio | n/a |
| Cash | US$2.64m |
| Equity | US$151.32m |
| Total liabilities | US$189.99m |
| Total assets | US$341.31m |
Recent financial health updates
Recent updates
Volta: Bad Story Ends
Jan 20Volta Inc. (NYSE:VLTA) Just Reported, And Analysts Assigned A US$1.21 Price Target
Nov 17
Volta GAAP EPS of -$0.25 beats by $0.04, revenue of $14.36M misses by $0.34M
Nov 14Volta decreases 54% of U.S. staff through furloughs, other workforce reductions
Oct 21Volta, Tucson Electric to deploy EV chargers within disadvantaged communities
Oct 06Volta cuts workforce by 10%, withdraws FY revenue guidance & lowers Q3 sales outlook
Sep 28Volta: Struggles Persist
Aug 23Volta: Stay Away
Jun 15Volta: The Other Shoe Just Dropped
Apr 04Volta: A Differentiated 'Dip' To Buy
Mar 11Volta: Better EV Charging Station Business Model
Dec 02Financial Position Analysis
Short Term Liabilities: VLTA's short term assets ($38.3M) do not cover its short term liabilities ($102.4M).
Long Term Liabilities: VLTA's short term assets ($38.3M) do not cover its long term liabilities ($87.6M).
Debt to Equity History and Analysis
Debt Level: VLTA's net debt to equity ratio (6.5%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if VLTA's debt to equity ratio has reduced over the past 5 years.
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: VLTA has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: VLTA has less than a year of cash runway if free cash flow continues to reduce at historical rates of 51.9% each year
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/04/02 10:09 |
| End of Day Share Price | 2023/03/30 00:00 |
| Earnings | 2022/12/31 |
| Annual Earnings | 2022/12/31 |
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 |
| |
| 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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Volta Inc. is covered by 7 analysts. 3 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 |
|---|---|
| Jonathan Dorsheimer | Canaccord Genuity |
| Matt Summerville | D.A. Davidson & Co. |
| Mark Delaney | Goldman Sachs |