Volato Group
Balance Sheet
Last updated:
The balance sheet is a financial statement presenting the value of assets, liabilities and equity of a company. How has Volato Group's balance sheet done over the years? Its assets were worth $71,712,000 last year, which is more than in the previous period. 79% of Volato Group’s total assets is currently financed by debt. Its liabilities reached the amount of $56,961,000, which means an increase by 59% compared compared to last year.
Debt to Assets
| 2021 | 14990295 | 7.08M | 47.23% |
|---|---|---|---|
| 2022 | 30257000 | 35.92M | 118.74% |
| 2023 | 71712000 | 56.96M | 79.43% |
SOAR Balance Sheet (2021 – 2023)
| 2023 | 2022 | 2021 | |
|---|---|---|---|
Assets | |||
Current assets: | |||
Cash and cash equivalents | 14.48M | 5.77M | 1.60M |
Short term investments | 0 | 833.33K | 1.5M |
Net receivables | 2.99M | 1.88M | 422.78K |
Inventory | 0 | 833K | 1.5M |
Other current assets | 29.02M | 2.21M | 579.71K |
Total current assets | 46.49M | 10.70M | 4.11M |
Non-current assets: | |||
Property, Plant and Equipment | 2.12M | 1.92M | 10.49M |
Goodwill | 635K | 635K | 0 |
Intangible assets | 1.39M | 1.61M | 163K |
Long term investments | 154K | 1.15M | 163K |
Other non-current assets | 20.91M | 2.10M | 57.73K |
Total non-current assets | 25.21M | 19.55M | 10.87M |
Total assets | 71.71M | 30.25M | 14.99M |
Liabilities | |||
| Current liabilities: | |||
Accounts payable | |||
Deferred revenue | 0 | 2.16M | 546K |
Short term debt | 20.66M | 24.33M | 6M |
Total current liabilities | 47.63M | 30.16M | 7.08M |
| Non-current liabilities: | |||
Long term debt | 9.01M | 5.46M | 0 |
Deferred tax | 0 | 0 | 0 |
Other non-current liabilities | 0 | 0 | 0 |
Total non-current liabilities | 9.32M | 5.76M | 9.66M |
Total liabilities | 56.96M | 35.92M | 7.08M |