American Aires Balance Sheet Health
Financial Health criteria checks 6/6
American Aires has a total shareholder equity of CA$3.5M and total debt of CA$1.4M, which brings its debt-to-equity ratio to 41%. Its total assets and total liabilities are CA$10.0M and CA$6.6M respectively.
Key information
41.0%
Debt to equity ratio
CA$1.42m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$3.76m |
| Equity | CA$3.45m |
| Total liabilities | CA$6.57m |
| Total assets | CA$10.02m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AAIR.F's short term assets (CA$9.8M) exceed its short term liabilities (CA$6.5M).
Long Term Liabilities: AAIR.F's short term assets (CA$9.8M) exceed its long term liabilities (CA$60.2K).
Debt to Equity History and Analysis
Debt Level: AAIR.F has more cash than its total debt.
Reducing Debt: AAIR.F's debt to equity ratio has reduced from 180.9% to 41% 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: AAIR.F has sufficient cash runway for 8 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: AAIR.F is forecast to have sufficient cash runway for 4 months based on free cash flow estimates, but has since raised additional capital.