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Volato Group (Volato Group) Debt-to-Asset : 0.53 (As of Mar. 2024)


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What is Volato Group Debt-to-Asset?

Volato Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $21.35 Mil. Volato Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $14.90 Mil. Volato Group's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was $68.17 Mil. Volato Group's debt to asset for the quarter that ended in Mar. 2024 was 0.53.

Volato Group Debt-to-Asset Historical Data

The historical data trend for Volato Group's Debt-to-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Volato Group Debt-to-Asset Chart

Volato Group Annual Data
Trend Dec21 Dec22 Dec23
Debt-to-Asset
0.40 0.99 0.41

Volato Group Quarterly Data
Dec21 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Debt-to-Asset Get a 7-Day Free Trial - 1.28 0.39 0.41 0.53

Competitive Comparison of Volato Group's Debt-to-Asset

For the Airports & Air Services subindustry, Volato Group's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Volato Group's Debt-to-Asset Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Volato Group's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Volato Group's Debt-to-Asset falls into.


Volato Group Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Volato Group's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(20.666 + 9.019) / 71.712
=0.41

Volato Group's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(21.345 + 14.901) / 68.172
=0.53

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Volato Group  (AMEX:SOAR) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Volato Group Debt-to-Asset Related Terms

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Volato Group (Volato Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Volato Group Inc (AMEX:SOAR) » Definitions » Debt-to-Asset
Comparable Companies
Traded in Other Exchanges
N/A
Address
1954 Airport Road, Suite 124, Chamblee, GA, USA, 30341
Website
https://www.flyvolato.com
Volato Group Inc operates an aircraft ownership program, provides ad-hoc charter flights, sells deposit products, and manages aircraft for owners in the private aviation industry. The Volato aircraft ownership program consists of facilitating the formation of limited liability companies owned by third-party members. Subsequently, the Company sells an aircraft to each limited liability company.

Volato Group (Volato Group) Headlines

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