XTI Aerospace (XTI Aerospace) Total Assets : $23.77 Mil (As of Dec. 2023)

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What is XTI Aerospace Total Assets?

XTI Aerospace's Total Assets for the quarter that ended in Dec. 2023 was $23.77 Mil.

During the past 12 months, XTI Aerospace's average Total Assets Growth Rate was -63.80% per year.

Total Assets is connected with ROA %. XTI Aerospace's annualized ROA % for the quarter that ended in Dec. 2023 was 0.00%. Total Assets is also linked to Revenue through Asset Turnover. XTI Aerospace's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

XTI Aerospace Total Assets Historical Data

The historical data trend for XTI Aerospace's Total Assets 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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XTI Aerospace Total Assets Chart

XTI Aerospace Annual Data

Trend

Dec21

Dec22

Dec23

Total Assets

4.90

57.64

23.77

XTI Aerospace Semi-Annual Data
	Dec21	Dec22	Dec23
Total Assets	4.90	57.64	23.77

XTI Aerospace Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

XTI Aerospace's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	6.729	+	17.04
	=	23.77

XTI Aerospace's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	6.729	+	17.04
	=	23.77

XTI Aerospace (NAS:XTIA) Total Assets Explanation

Total Assets is connected with ROA %.

XTI Aerospace's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	0	/	( (57.635	+	23.769)	/ 2 )
	=	0	/	40.702
	=	0.00 %

Note: The Net Income data used here is one times the annual (Dec. 2023) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

XTI Aerospace's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	0	/	( (57.635	+	23.769)	/ 2 )
=	0	/	40.702
=	0.00

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

XTI Aerospace Total Assets Related Terms

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XTI Aerospace (XTI Aerospace) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » XTI Aerospace Inc (NAS:XTIA) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

7625 South Peoria Street, Suite D11, Englewood, CO, USA, 80112

Website

https://www.xtiaircraft.com

XTI Aerospace Inc is a development-stage aircraft manufacturer. XTI is developing a vertical takeoff and landing (VTOL) aircraft, the TriFan 600, which is a design-stage six-passenger aircraft that it anticipates will provide point-to-point air travel over distances of up to 700 miles while significantly reducing carbon emissions per mile compared to today's gasoline-powered jet aircraft and helicopters. The TriFan 600 is expected to have a wide usage ranging from private and commercial aviation services for businesses and high-net-worth individuals to emergency medical services (EMS).

XTI Aerospace (XTI Aerospace) Headlines

From GuruFocus

XTI Aerospace to Host Business Update Presentation on March 25, 2024 to Outline the Company's Corporate Strategy

By PRNewswire • 03-20-2024