Flight Centre Travel Group Balance Sheet Health
Financial Health criteria checks 5/6
Flight Centre Travel Group has a total shareholder equity of A$1.2B and total debt of A$761.0M, which brings its debt-to-equity ratio to 65.4%. Its total assets and total liabilities are A$3.9B and A$2.7B respectively. Flight Centre Travel Group's EBIT is A$250.2M making its interest coverage ratio 5.3. It has cash and short-term investments of A$518.5M.
Key information
65.4%
Debt to equity ratio
AU$761.00m
Debt
| Interest coverage ratio | 5.3x |
| Cash | AU$518.51m |
| Equity | AU$1.16b |
| Total liabilities | AU$2.71b |
| Total assets | AU$3.87b |
Recent financial health updates
Here's Why Flight Centre Travel Group (ASX:FLT) Has A Meaningful Debt Burden
Dec 11
We Think Flight Centre Travel Group (ASX:FLT) Can Stay On Top Of Its Debt
Sep 02Is Flight Centre Travel Group (ASX:FLT) A Risky Investment?
Oct 25Health Check: How Prudently Does Flight Centre Travel Group (ASX:FLT) Use Debt?
Feb 27Is Flight Centre Travel Group (ASX:FLT) A Risky Investment?
Mar 24Is Flight Centre Travel Group (ASX:FLT) Using Debt In A Risky Way?
Nov 22Recent updates
Estimating The Fair Value Of Flight Centre Travel Group Limited (ASX:FLT)
Apr 02Why Flight Centre Travel Group Limited (ASX:FLT) Could Be Worth Watching
Mar 18Analysts Have Made A Financial Statement On Flight Centre Travel Group Limited's (ASX:FLT) Interim Report
Mar 02Investors Interested In Flight Centre Travel Group Limited's (ASX:FLT) Revenues
Feb 02Here's Why Flight Centre Travel Group (ASX:FLT) Has A Meaningful Debt Burden
Dec 11Is Now The Time To Look At Buying Flight Centre Travel Group Limited (ASX:FLT)?
Nov 27Here's Why Shareholders May Consider Paying Flight Centre Travel Group Limited's (ASX:FLT) CEO A Little More
Nov 08Flight Centre Travel Group (ASX:FLT) Will Want To Turn Around Its Return Trends
Nov 07Is There An Opportunity With Flight Centre Travel Group Limited's (ASX:FLT) 33% Undervaluation?
Oct 10We Think Flight Centre Travel Group (ASX:FLT) Can Stay On Top Of Its Debt
Sep 02Why Flight Centre Travel Group Limited (ASX:FLT) Could Be Worth Watching
Aug 18Flight Centre Travel Group Limited (ASX:FLT) Shares Could Be 43% Below Their Intrinsic Value Estimate
Jul 06Why Flight Centre Travel Group Limited (ASX:FLT) Could Be Worth Watching
May 07Are Investors Undervaluing Flight Centre Travel Group Limited (ASX:FLT) By 34%?
Mar 25Flight Centre Travel Group Limited (ASX:FLT) Shares Could Be 49% Below Their Intrinsic Value Estimate
Nov 17Is Flight Centre Travel Group (ASX:FLT) A Risky Investment?
Oct 25Is There An Opportunity With Flight Centre Travel Group Limited's (ASX:FLT) 24% Undervaluation?
Jul 04Is It Time To Consider Buying Flight Centre Travel Group Limited (ASX:FLT)?
May 20Health Check: How Prudently Does Flight Centre Travel Group (ASX:FLT) Use Debt?
Feb 27Flight Centre Travel Group Limited's (ASX:FLT) Intrinsic Value Is Potentially 25% Below Its Share Price
Nov 27Is Flight Centre Travel Group (ASX:FLT) A Risky Investment?
Mar 24What Type Of Returns Would Flight Centre Travel Group's(ASX:FLT) Shareholders Have Earned If They Purchased Their SharesThree Years Ago?
Feb 26Are Insiders Buying Flight Centre Travel Group Limited (ASX:FLT) Stock?
Feb 03Do Institutions Own Flight Centre Travel Group Limited (ASX:FLT) Shares?
Jan 08Is Flight Centre Travel Group (ASX:FLT) Using Debt In A Risky Way?
Nov 22Have Insiders Been Buying Flight Centre Travel Group Limited (ASX:FLT) Shares This Year?
Jun 26Financial Position Analysis
Short Term Liabilities: FLT's short term assets (A$2.1B) exceed its short term liabilities (A$2.0B).
Long Term Liabilities: FLT's short term assets (A$2.1B) exceed its long term liabilities (A$721.0M).
Debt to Equity History and Analysis
Debt Level: FLT's net debt to equity ratio (20.8%) is considered satisfactory.
Reducing Debt: FLT's debt to equity ratio has increased from 2.4% to 65.4% over the past 5 years.
Debt Coverage: FLT's debt is well covered by operating cash flow (34%).
Interest Coverage: FLT's interest payments on its debt are well covered by EBIT (5.3x coverage).