AST SpaceMobile Balance Sheet Health

Financial Health criteria checks 4/6

ASTceMobile has a total shareholder equity of $502.8M and total debt of $200.9M, which brings its debt-to-equity ratio to 40%. Its total assets and total liabilities are $821.6M and $318.8M respectively.

Key information

40.0%

Debt to equity ratio

US$200.89m

Debt

Interest coverage ratio	n/a
Cash	US$516.39m
Equity	US$502.80m
Total liabilities	US$318.85m
Total assets	US$821.65m

Recent financial health updates

Does AST SpaceMobile (NASDAQ:ASTS) Have A Healthy Balance Sheet?

Jun 25

Recent updates

Financial Position Analysis

Short Term Liabilities: ASTS's short term assets ($545.6M) exceed its short term liabilities ($94.1M).

Long Term Liabilities: ASTS's short term assets ($545.6M) exceed its long term liabilities ($224.8M).

Debt to Equity History and Analysis

Debt Level: ASTS has more cash than its total debt.

Reducing Debt: ASTS's debt to equity ratio has increased from 5.2% to 40% 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: ASTS has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: ASTS has less than a year of cash runway if free cash flow continues to reduce at historical rates of 35.5% each year

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/02 22:45
End of Day Share Price	2025/01/02 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 here.

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 .

Analyst Sources

AST SpaceMobile, Inc. is covered by 4 analysts. 4 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
Mathieu Robilliard	Barclays
Michael Crawford	B. Riley Securities, Inc.
Bryan Kraft	Deutsche Bank

AST SpaceMobile Balance Sheet Health

Financial Health criteria checks 4/6

Key information

Recent financial health updates

Does AST SpaceMobile (NASDAQ:ASTS) Have A Healthy Balance Sheet?

AST SpaceMobile, Inc. announced delayed 10-Q filing

Recent updates

Forecast to breakeven in 2027

New major risk - Shareholder dilution

New major risk - Shareholder dilution

AST SpaceMobile: I See Plenty Of Upside Ahead

New minor risk - Shareholder dilution

No longer forecast to breakeven

New major risk - Financial position

AST SpaceMobile: Growing Into Its Valuation

AST SpaceMobile: A Strong Buy As The Company Expands Its Coverage

AST SpaceMobile, Inc. Completes Unfolding of First Five Commercial Satellites in Low Earth Orbit

EVP & CTO recently sold US$1.1m worth of stock

AST SpaceMobile: Bulls Are In Control With New Highs Possible

AST SpaceMobile Is At The Edge Of Viability

EVP & COO recently sold US$2.1m worth of stock

AST SpaceMobile: Launches Its Next Chapter

Consensus revenue estimates increase by 50%

AST SpaceMobile: Commercialization Has Started

No longer forecast to breakeven

AST SpaceMobile, Inc. Provides Interim Business Update to Confirm Upcoming Orbital Launch

New minor risk - Shareholder dilution

Consensus revenue estimates fall by 73%

AST SpaceMobile: Reaching Escape Velocity

Forecast to breakeven in 2026

Federal Communications Commission Approves AST Spacemobile, Inc. Launch of First Commercial Satellites, Each the Largest-Ever Communications Array to Be Deployed Commercially in Low Earth Orbit

AST SpaceMobile, Inc., Annual General Meeting, Sep 10, 2024

AST SpaceMobile: Satellite Internet Service For Smartphones - Why I'm All In

Consensus revenue estimates decrease by 14%

New minor risk - Shareholder dilution

AST SpaceMobile: Uncertainty Shouldn't Be Downplayed

AST SpaceMobile, Inc. Announces CFO Changes

Does AST SpaceMobile (NASDAQ:ASTS) Have A Healthy Balance Sheet?

AST Spacemobile, Inc. Announces Appointment of Chris Sambar to Its Board

New minor risk - Shareholder dilution

The Portnoy Law Firm Files Class Action Lawsuit on Behalf of Investors Against AST SpaceMobile, Inc

AST SpaceMobile, Inc. Appoints Johan Wibergh to Board of Directors and Chairman of Newly Formed Network Planning and Spectrum Committee, and Member of Compensation and Audit Committee

AST SpaceMobile, Inc. Welcomes Johan Wibergh to Board of Directors and Chairman of Newly Formed Network Planning and Spectrum Committee of Its Board of Directors

Price target increased by 8.3% to US$14.38

AST SpaceMobile: Stock Launches Into Space

Consensus revenue estimates fall by 68%

New major risk - Financial position

Why AST SpaceMobile's Q1 2024 Results Just Squeezed Short-Sellers

AST SpaceMobile, Inc Announces the Appointment of Andrew Johnson as Chief Legal Officer

Glancy Prongay & Murray LLP Files Securities Fraud Lawsuit Against AST SpaceMobile, Inc

Price target decreased by 18% to US$11.10

Consensus revenue estimates increase by 50%

New minor risk - Profitability

No longer forecast to breakeven

AST SpaceMobile Q4 Earnings Preview: 5 Things To Consider

AST SpaceMobile: Reaching Commercialization Phase

New minor risk - Shareholder dilution

AST SpaceMobile, Inc. Appoints Abel Avellan Commissioner to the ITU/UNESCO Broadband Commission

New major risk - Share price stability

New minor risk - Shareholder dilution

AST SpaceMobile, Inc. has completed a Follow-on Equity Offering in the amount of $99.999998 million.

New minor risk - Shareholder dilution

No longer forecast to breakeven

AST SpaceMobile, Inc. to Report Q3, 2023 Results on Nov 14, 2023

AST SpaceMobile, Inc. to Report Q3, 2023 Results on Nov 14, 2023

AST SpaceMobile, Inc. Achieves Space-Based 5G Cellular Broadband Connectivity from Everyday Smartphones, Another Historic World First

New minor risk - Shareholder dilution

New minor risk - Revenue size

First half 2023 earnings released: US$0.47 loss per share (vs US$0.26 loss in 1H 2022)

AST SpaceMobile, Inc. Announces Removal Of Tareq Amin as Director

AST SpaceMobile, Inc. Announces Removal of of Tareq Amin as Director

Price target increased by 13% to US$22.58

AST SpaceMobile, Inc., Annual General Meeting, Aug 17, 2023

AST SpaceMobile, Inc. has completed a Follow-on Equity Offering in the amount of $59.4 million.

AST SpaceMobile, Inc. has completed a Follow-on Equity Offering in the amount of $59.4 million.

First quarter 2023 earnings released: US$0.23 loss per share (vs US$0.21 loss in 1Q 2022)

Full year 2022 earnings: EPS misses analyst expectations

Insufficient new directors

Forecast to breakeven in 2025

AST SpaceMobile's Bluewalker 3 on Target to Deliver the First and Only Space-Based Cellular Broadband