Jet.AI Balance Sheet Health
Financial Health criteria checks 0/6
Jet.AI has a total shareholder equity of $-2.2M and total debt of $588.0K, which brings its debt-to-equity ratio to -26.3%. Its total assets and total liabilities are $5.7M and $8.0M respectively.
Key information
-26.3%
Debt to equity ratio
US$587.99k
Debt
Interest coverage ratio | n/a |
Cash | US$2.10m |
Equity | -US$2.23m |
Total liabilities | US$7.97m |
Total assets | US$5.74m |
Recent financial health updates
No updates
Recent updates
Jet.AI Inc. (NASDAQ:JTAI) Shares May Have Slumped 26% But Getting In Cheap Is Still Unlikely
Apr 26Jet.AI Inc.'s (NASDAQ:JTAI) Shares Climb 39% But Its Business Is Yet to Catch Up
Feb 28Why Investors Shouldn't Be Surprised By Jet.AI Inc.'s (NASDAQ:JTAI) 101% Share Price Surge
Dec 19Jet.AI Inc. (NASDAQ:JTAI) May Have Run Too Fast Too Soon With Recent 54% Price Plummet
Aug 15Financial Position Analysis
Short Term Liabilities: JTAI has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: JTAI has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: JTAI has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: JTAI's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
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: JTAI has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: JTAI has less than a year of cash runway if free cash flow continues to reduce at historical rates of 16.5% each year