Saker Aviation Services Balance Sheet Health
Financial Health criteria checks 6/6
Saker Aviation Services has a total shareholder equity of $8.3M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $10.6M and $2.3M respectively. Saker Aviation Services's EBIT is $3.7M making its interest coverage ratio -16.9. It has cash and short-term investments of $9.5M.
Key information
0%
Debt to equity ratio
US$0
Debt
Interest coverage ratio | -16.9x |
Cash | US$9.48m |
Equity | US$8.32m |
Total liabilities | US$2.29m |
Total assets | US$10.61m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SKAS's short term assets ($10.6M) exceed its short term liabilities ($2.3M).
Long Term Liabilities: SKAS has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: SKAS is debt free.
Reducing Debt: SKAS has no debt compared to 5 years ago when its debt to equity ratio was 4.3%.
Debt Coverage: SKAS has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: SKAS has no debt, therefore coverage of interest payments is not a concern.