Volatus Aerospace Corp.
Balance Sheet
Last updated:
The balance sheet is a financial statement presenting the value of assets, liabilities and equity of a company. How has Volatus Aerospace Corp.'s balance sheet done over the years? Its assets were worth $26,876,098 last year, which is less than in the previous period. 91% of Volatus Aerospace Corp.’s total assets is currently financed by debt. Its liabilities reached the amount of $24,338,202, which means an increase by 25% compared compared to last year.
Debt to Assets
| 2015 | 3676072 | 2.07M | 56.35% |
|---|---|---|---|
| 2017 | 5224324 | 2.79M | 53.52% |
| 2019 | 214980 | 214.98K | 100% |
| 2020 | 6033534 | 717.20K | 11.89% |
| 2021 | 22668821 | 7.40M | 32.68% |
| 2022 | 33609987 | 19.41M | 57.76% |
| 2023 | 26876098 | 24.33M | 90.56% |
VOL.V Balance Sheet (2015 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2017 | 2015 | |
|---|---|---|---|---|---|---|---|
Assets | |||||||
Current assets: | |||||||
Cash and cash equivalents | 1.68M | 3.68M | 8.80M | 189.97K | 214.98K | 1.19M | 949.00K |
Short term investments | 0 | 0 | 0 | 0 | 0 | 19.25K | 33.33K |
Net receivables | 3.81M | 4.33M | 698.35K | 71.61K | 1.76M | 3.87M | 2.43M |
Inventory | 2.98M | 3.76M | 686.61K | 56.61K | -1.95M | 0 | 0 |
Other current assets | 2.02M | 317.06K | 27.48K | 38.20K | 192.20K | 109.60K | 195.10K |
Total current assets | 10.50M | 13.78M | 10.99M | 393.08K | 214.98K | 5.19M | 3.61M |
Non-current assets: | |||||||
Property, Plant and Equipment | 10.64M | 10.32M | 5.28M | 298.94K | 17.33K | 28.52K | 60.10K |
Goodwill | 963.60K | 689.83K | 583.18K | 307.17K | 0 | 0 | 0 |
Intangible assets | 4.76M | 8.81M | 5.81M | 4.07M | 0 | 0 | 0 |
Long term investments | 0 | 0 | 0 | 957.25K | 0 | 0 | 0 |
Other non-current assets | -1 | -1 | 0 | -1 | 0 | 0 | -1 |
Total non-current assets | 16.37M | 19.82M | 11.67M | 5.64M | 17.33K | 28.52K | 60.10K |
Total assets | 26.87M | 33.60M | 22.66M | 6.03M | 214.98K | 5.22M | 3.67M |
Liabilities | |||||||
| Current liabilities: | |||||||
Accounts payable | |||||||
Deferred revenue | 210.7K | 73.47K | 507.09K | 26.52K | 401.36K | 310.50K | 243.43K |
Short term debt | 9.87M | 2.69M | 644.95K | 155.81K | 214.98K | 94.18K | 0 |
Total current liabilities | 14.69M | 6.16M | 3.62M | 326.69K | 214.98K | 2.79M | 2.07M |
| Non-current liabilities: | |||||||
Long term debt | 8.85M | 10.88M | 3.78M | 360.51K | 0 | 0 | 0 |
Deferred tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current liabilities | 507.69K | 2.35M | 1 | 30K | 0 | 0 | 0 |
Total non-current liabilities | 9.64M | 13.24M | 3.78M | 390.51K | 0 | 0 | 0 |
Total liabilities | 24.33M | 19.41M | 7.40M | 717.20K | 214.98K | 2.79M | 2.07M |