Volatus Aerospace (Volatus Aerospace) Debt-to-Equity : 5.66 (As of Dec. 2023)

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What is Volatus Aerospace Debt-to-Equity?

Volatus Aerospace's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $7.36 Mil. Volatus Aerospace's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $6.60 Mil. Volatus Aerospace's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2.47 Mil. Volatus Aerospace's debt to equity for the quarter that ended in Dec. 2023 was 5.66.

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 Volatus Aerospace's Debt-to-Equity or its related term are showing as below:

VLTTF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.13 Med: 0.73 Max: 5.66
Current: 5.66

During the past 5 years, the highest Debt-to-Equity Ratio of Volatus Aerospace was 5.66. The lowest was 0.13. And the median was 0.73.

VLTTF's Debt-to-Equity is ranked worse than
97.67% of 258 companies
in the Aerospace & Defense industry
Industry Median: 0.43 vs VLTTF: 5.66

Volatus Aerospace Debt-to-Equity Historical Data

The historical data trend for Volatus Aerospace'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.

Volatus Aerospace Debt-to-Equity Chart

Volatus Aerospace Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

N/A

0.13

0.36

1.11

5.66

Volatus Aerospace Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial											1.11	1.29	1.44	2.18	5.66

Competitive Comparison of Volatus Aerospace's Debt-to-Equity

For the Aerospace & Defense subindustry, Volatus Aerospace'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.

Volatus Aerospace's Debt-to-Equity Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Volatus Aerospace's Debt-to-Equity distribution charts can be found below:

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

Volatus Aerospace Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Volatus Aerospace'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
	=	(7.364	+	6.597)	/	2.466
	=	5.66

Volatus Aerospace's Debt to Equity Ratio for the quarter 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
	=	(7.364	+	6.597)	/	2.466
	=	5.66

Volatus Aerospace (OTCPK:VLTTF) 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.

Volatus Aerospace Debt-to-Equity Related Terms

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Volatus Aerospace (Volatus Aerospace) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Volatus Aerospace Corp (OTCPK:VLTTF) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

VOL:Canada

Address

60 Airport Road, Lake Simcoe Regional Airport, Oro-Medonte, ON, CAN, L0L 2E0

Website

https://www.volatusaerospace.com

Volatus Aerospace Corp is a provider of integrated drone solutions. It offers a range of solutions and services throughout Canada, the United States, Latin America, and Europe for civilian and military applications, including system and vehicle sales, service and training; aerial inspection and imaging services; data processing and management; system design engineering, research and development, manufacture, and testing.