flyExclusive Balance Sheet Health
Financial Health criteria checks 2/6
flyExclusive has a total shareholder equity of $35.3M and total debt of $226.6M, which brings its debt-to-equity ratio to 641.4%. Its total assets and total liabilities are $521.0M and $485.7M respectively.
Key information
641.4%
Debt to equity ratio
US$226.62m
Debt
Interest coverage ratio | n/a |
Cash | US$82.86m |
Equity | US$35.33m |
Total liabilities | US$485.70m |
Total assets | US$521.03m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FLYX's short term assets ($116.8M) do not cover its short term liabilities ($221.5M).
Long Term Liabilities: FLYX's short term assets ($116.8M) do not cover its long term liabilities ($264.2M).
Debt to Equity History and Analysis
Debt Level: FLYX's net debt to equity ratio (406.9%) is considered high.
Reducing Debt: Insufficient data to determine if FLYX'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: FLYX has sufficient cash runway for 10 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: FLYX is forecast to have sufficient cash runway for 9 months based on free cash flow estimates, but has since raised additional capital.