FLYHT Aerospace Solutions (TSXV:FLY) Debt-to-Equity : 6.34 (As of Dec. 2023)

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What is FLYHT Aerospace Solutions Debt-to-Equity?

FLYHT Aerospace Solutions's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$1.70 Mil. FLYHT Aerospace Solutions's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$5.20 Mil. FLYHT Aerospace Solutions's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$1.09 Mil. FLYHT Aerospace Solutions's debt to equity for the quarter that ended in Dec. 2023 was 6.34.

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

TSXV:FLY' s Debt-to-Equity Range Over the Past 10 Years
Min: -175 Med: 1.25 Max: 6.34
Current: 6.34

During the past 13 years, the highest Debt-to-Equity Ratio of FLYHT Aerospace Solutions was 6.34. The lowest was -175.00. And the median was 1.25.

TSXV:FLY's Debt-to-Equity is ranked worse than
98.06% of 258 companies
in the Aerospace & Defense industry
Industry Median: 0.44 vs TSXV:FLY: 6.34

FLYHT Aerospace Solutions Debt-to-Equity Historical Data

The historical data trend for FLYHT Aerospace Solutions'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.

FLYHT Aerospace Solutions Debt-to-Equity Chart

FLYHT Aerospace Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.07

2.87

1.76

1.55

6.34

FLYHT Aerospace Solutions Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.55	2.20	N/A	2.82	6.34

Competitive Comparison of FLYHT Aerospace Solutions's Debt-to-Equity

For the Aerospace & Defense subindustry, FLYHT Aerospace Solutions'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.

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

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

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

FLYHT Aerospace Solutions Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

FLYHT Aerospace Solutions'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
	=	(1.701	+	5.198)	/	1.089
	=	6.34

FLYHT Aerospace Solutions'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
	=	(1.701	+	5.198)	/	1.089
	=	6.34

FLYHT Aerospace Solutions (TSXV:FLY) 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.

FLYHT Aerospace Solutions Debt-to-Equity Related Terms

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FLYHT Aerospace Solutions (TSXV:FLY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » FLYHT Aerospace Solutions Ltd (TSXV:FLY) » Definitions » Debt-to-Equity

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FLYLF:USA

Address

1212 – 31 Avenue Northeast, Suite 500, Calgary, AB, CAN, T2E 7S8

Website

https://www.flyht.com

FLYHT Aerospace Solutions Ltd provides airlines with Actionable Intelligence to transform operational insight into immediate, quantifiable action, and delivers industry leading solutions to improve aviation safety, efficiency, and profitability. This unique capability is driven by a suite of patented aircraft-certified hardware products, including AFIRS, the AFIRS Edge, TAMDAR and FLYHT-WVSS-II. The company's product and services include SaaS, Hardware, Licensing and Technical Services. Geographically, the company operates in United States & Mexico, Asia, China, Middle East, Canada, Australia, Africa, Europe and South/Central America.