SOAR (Volato Group) Debt-to-Equity : -1.57 (As of Sep. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Volato Group Debt-to-Equity?

Volato Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $30.6 Mil. Volato Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.1 Mil. Volato Group's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $-19.6 Mil. Volato Group's debt to equity for the quarter that ended in Sep. 2024 was -1.57.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Volato Group's Debt-to-Equity or its related term are showing as below:

SOAR' s Debt-to-Equity Range Over the Past 10 Years
Min: -5.26 Med: -0.12 Max: 21.4
Current: -1.57

During the past 3 years, the highest Debt-to-Equity Ratio of Volato Group was 21.40. The lowest was -5.26. And the median was -0.12.

SOAR's Debt-to-Equity is not ranked
in the Transportation industry.
Industry Median: 0.54 vs SOAR: -1.57

Volato Group Debt-to-Equity Historical Data

The historical data trend for Volato Group's Debt-to-Equity 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-Equity Chart

Volato Group Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

1.66

-5.26

2.01

Volato Group Quarterly Data
	Dec21	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial					1.33	2.01	21.40	-2.52	-1.57

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

For the Airports & Air Services subindustry, Volato Group's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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-Equity Distribution in the Transportation Industry

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

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

Volato Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(20.666	+	9.019)	/	14.751
	=	2.01

Volato Group's Debt to Equity Ratio for the quarter that ended in Sep. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(30.631	+	0.139)	/	-19.634
	=	-1.57

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

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Volato Group Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Volato Group's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Volato Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Volato Group Inc (AMEX:SOAR) » Definitions » Debt-to-Equity

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. It offers fractional ownership, aircraft management, jet cards, deposit, and charter programs. The company's fractional programs provides flexible hours and a revenue share for owners in a fleet of HondaJets, optimized for missions of up to four passengers.

Volato Group Headlines

From GuruFocus

Volato Group Inc (SOAR) Navigates Market Turbulence with Strategic Fleet Expansion Despite Revenue Dip

By GuruFocus Research • 03-26-2024