Volato Group (Volato Group) LT-Debt-to-Total-Asset : 0.22 (As of Mar. 2024)

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What is Volato Group LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Volato Group's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.22.

Volato Group's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.22). It may suggest that Volato Group is progressively becoming more dependent on debt to grow their business.

Volato Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Volato Group's LT-Debt-to-Total-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.

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Volato Group LT-Debt-to-Total-Asset Chart

Volato Group Annual Data

Trend

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.18

0.13

Volato Group Quarterly Data
	Dec21	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			-	0.35	0.36	0.13	0.22

Volato Group LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	9.019	/	71.712
	=	0.13

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

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	14.901	/	68.172
	=	0.22

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

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Volato Group LT-Debt-to-Total-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 » LT-Debt-to-Total-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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