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