Volatus Aerospace Inc (FLT) - Net Assets

Latest as of September 2025: CA$45.79 Million CAD ≈ $33.12 Million USD

Based on the latest financial reports, Volatus Aerospace Inc (FLT) has net assets worth CA$45.79 Million CAD (≈ $33.12 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$72.59 Million ≈ $52.51 Million USD) and total liabilities (CA$26.80 Million ≈ $19.39 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check FLT asset resilience ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CA$45.79 Million
% of Total Assets	63.08%
Annual Growth Rate	24.85%
5-Year Change	-2.81%
10-Year Change	8625.98%
Growth Volatility	359.03

Volatus Aerospace Inc - Net Assets Trend (2011–2024)

This chart illustrates how Volatus Aerospace Inc's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Volatus Aerospace Inc for the complete picture of this company's asset base.

Annual Net Assets for Volatus Aerospace Inc (2011–2024)

The table below shows the annual net assets of Volatus Aerospace Inc from 2011 to 2024. For live valuation and market cap data, see market cap of Volatus Aerospace Inc.

Year	Net Assets	Change
2024-12-31	CA$26.34 Million ≈ $19.05 Million	+188.98%
2023-12-31	CA$9.11 Million ≈ $6.59 Million	-50.78%
2022-12-31	CA$18.52 Million ≈ $13.39 Million	-39.81%
2021-12-31	CA$30.76 Million ≈ $22.25 Million	+13.52%
2020-12-31	CA$27.10 Million ≈ $19.60 Million	+74.37%
2019-12-31	CA$15.54 Million ≈ $11.24 Million	+6.85%
2018-12-31	CA$14.54 Million ≈ $10.52 Million	-25.25%
2017-12-31	CA$19.46 Million ≈ $14.08 Million	+1322.21%
2016-12-31	CA$1.37 Million ≈ $989.69K	+353.30%
2015-12-31	CA$301.82K ≈ $218.33K	-88.21%
2014-12-31	CA$2.56 Million ≈ $1.85 Million	-11.35%
2013-12-31	CA$2.89 Million ≈ $2.09 Million	+90.00%
2012-12-31	CA$1.52 Million ≈ $1.10 Million	+3.32%
2011-12-31	CA$1.47 Million ≈ $1.06 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Volatus Aerospace Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have decreased by 3245309400.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Other Components	CA$59.85 Million	219.44%
Total Equity	CA$27.28 Million	100.00%

Volatus Aerospace Inc Competitors by Market Cap

The table below lists competitors of Volatus Aerospace Inc ranked by their market capitalization.

Company	Market Cap
Nouveau Monde Graphite Inc NYSE:NMG	$340.81 Million
Shenzhen HeKeda Precision Cleaning Equipment Co Ltd SHE:002816	$340.95 Million
Waskita Karya Persero Tbk JK:WSKT	$340.97 Million
Aic Mines Ltd AU:A1M	$341.44 Million
F-SECURE OYJ HE:FSECURE	$340.68 Million
Rongfeng Holding Group SHE:000668	$340.58 Million
Lippo Karawaci Tbk JK:LPKR	$340.56 Million
Parke Bancorp Inc NASDAQ:PKBK	$340.37 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Volatus Aerospace Inc's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 9,113,755 to 27,275,635, a change of 18,161,880 (199.3%).
Net loss of 13,141,604 reduced equity.
Share repurchases of 65,576 reduced equity.
New share issuances of 2,332,956 increased equity.
Other factors increased equity by 29,036,104.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CA$-13.14 Million	-48.18%
Share Repurchases	CA$65.58K	-0.24%
Share Issuances	CA$2.33 Million	+8.55%
Other Changes	CA$29.04 Million	+106.45%
Total Change	CA$-	199.28%

Book Value vs Market Value Analysis

This analysis compares Volatus Aerospace Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 14.94x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has increased from 4.40x to 14.94x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2011-12-31	CA$0.20	CA$0.87	x
2012-12-31	CA$0.14	CA$0.87	x
2013-12-31	CA$0.18	CA$0.87	x
2014-12-31	CA$0.11	CA$0.87	x
2015-12-31	CA$0.01	CA$0.87	x
2016-12-31	CA$0.02	CA$0.87	x
2017-12-31	CA$0.17	CA$0.87	x
2018-12-31	CA$0.09	CA$0.87	x
2019-12-31	CA$0.09	CA$0.87	x
2020-12-31	CA$0.15	CA$0.87	x
2021-12-31	CA$0.14	CA$0.87	x
2022-12-31	CA$0.08	CA$0.87	x
2023-12-31	CA$0.04	CA$0.87	x
2024-12-31	CA$0.06	CA$0.87	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Volatus Aerospace Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): -48.18%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -48.41%
• Asset Turnover: 0.47x
• Equity Multiplier: 2.12x
Recent ROE (-48.18%) is above the historical average (-118.16%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2011	-8.55%	0.00%	0.00x	1.03x	CA$-272.83K
2012	-32.87%	0.00%	0.00x	1.05x	CA$-651.39K
2013	-27.40%	0.00%	0.00x	1.06x	CA$-1.08 Million
2014	-19.12%	0.00%	0.00x	1.07x	CA$-745.30K
2015	-747.90%	0.00%	0.00x	1.87x	CA$-2.29 Million
2016	-213.71%	0.00%	0.00x	1.27x	CA$-3.06 Million
2017	-42.98%	0.00%	0.00x	1.05x	CA$-10.31 Million
2018	-134.84%	0.00%	0.00x	1.15x	CA$-21.07 Million
2019	-100.84%	-615764.75%	0.00x	1.14x	CA$-17.23 Million
2020	-52.56%	-5368.76%	0.01x	1.08x	CA$-16.95 Million
2021	-48.57%	-4459.29%	0.01x	1.07x	CA$-18.02 Million
2022	-72.89%	-1632.96%	0.04x	1.07x	CA$-15.35 Million
2023	-103.84%	-27.14%	3.37x	1.13x	CA$-10.38 Million
2024	-48.18%	-48.41%	0.47x	2.12x	CA$-15.87 Million

Industry Comparison

This section compares Volatus Aerospace Inc's net assets metrics with peer companies in the Aerospace & Defense industry.

Industry Context

Industry: Aerospace & Defense
Average net assets among peers: $-621,917,514
Average return on equity (ROE) among peers: -31.36%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Volatus Aerospace Inc (FLT)	CA$45.79 Million	-8.55%	0.59x	$340.78 Million
Bombardier Inc (BBD-A)	$-3.06 Billion	0.00%	0.00x	$2.54 Billion
Bombardier Inc (BBD-B)	$-4.03 Billion	0.00%	0.00x	$17.98 Billion
CAE Inc. (CAE)	$948.50 Million	4.61%	1.38x	$8.18 Billion
Firan Technology Group Corporation (FTG)	$47.76 Million	12.68%	0.54x	$369.48 Million
Kwesst Micro Systems Inc (KWE)	$3.94 Million	-236.46%	1.99x	$1.92 Million
Magellan Aerospace Corporation (MAL)	$731.73 Million	-2.96%	0.38x	$1.04 Billion
MDA Ltd (MDA)	$1.00 Billion	2.63%	0.75x	$3.84 Billion

About Volatus Aerospace Inc

V:FLT Canada Aerospace & Defense

Market Cap

$420.52 Million

CA$581.33 Million CAD

Market Cap Rank

#14422 Global

#421 in Canada

Share Price

CA$0.87

Change (1 day)

+7.41%

52-Week Range

CA$0.14 - CA$0.88

All Time High

CA$2.38