Qantas Airways Balance Sheet Health
Financial Health criteria checks 2/6
Qantas Airways has a total shareholder equity of A$294.0M and total debt of A$5.0B, which brings its debt-to-equity ratio to 1712.6%. Its total assets and total liabilities are A$20.6B and A$20.3B respectively. Qantas Airways's EBIT is A$2.2B making its interest coverage ratio 14.7. It has cash and short-term investments of A$1.8B.
Key information
1,712.6%
Debt to equity ratio
AU$5.04b
Debt
| Interest coverage ratio | 14.7x |
| Cash | AU$1.77b |
| Equity | AU$294.00m |
| Total liabilities | AU$20.27b |
| Total assets | AU$20.56b |
Recent financial health updates
Qantas Airways (ASX:QAN) Takes On Some Risk With Its Use Of Debt
Oct 01
Is Qantas Airways (ASX:QAN) Using Too Much Debt?
Apr 09These 4 Measures Indicate That Qantas Airways (ASX:QAN) Is Using Debt Extensively
Oct 08We Think Qantas Airways (ASX:QAN) Is Taking Some Risk With Its Debt
Jun 28Does Qantas Airways (ASX:QAN) Have A Healthy Balance Sheet?
Mar 23Qantas Airways (ASX:QAN) Has Debt But No Earnings; Should You Worry?
Mar 21Recent updates
Not Many Are Piling Into Qantas Airways Limited (ASX:QAN) Just Yet
Nov 06Qantas Airways (ASX:QAN) Knows How To Allocate Capital Effectively
Oct 19Qantas Airways (ASX:QAN) Takes On Some Risk With Its Use Of Debt
Oct 01Qantas Airways' (ASX:QAN) Shareholders Have More To Worry About Than Only Soft Earnings
Sep 04Earnings Miss: Qantas Airways Limited Missed EPS By 13% And Analysts Are Revising Their Forecasts
Aug 30Is Now The Time To Put Qantas Airways (ASX:QAN) On Your Watchlist?
Aug 16Why Qantas Airways Limited (ASX:QAN) Could Be Worth Watching
Jul 26Earnings Working Against Qantas Airways Limited's (ASX:QAN) Share Price
Jun 13Investors Should Be Encouraged By Qantas Airways' (ASX:QAN) Returns On Capital
May 22Here's Why We Think Qantas Airways (ASX:QAN) Is Well Worth Watching
Apr 27Is Qantas Airways (ASX:QAN) Using Too Much Debt?
Apr 09Here's What Analysts Are Forecasting For Qantas Airways Limited (ASX:QAN) After Its Half-Yearly Results
Feb 23Is Now The Time To Look At Buying Qantas Airways Limited (ASX:QAN)?
Feb 14Qantas Airways (ASX:QAN) Is Investing Its Capital With Increasing Efficiency
Jan 18Investor Optimism Abounds Qantas Airways Limited (ASX:QAN) But Growth Is Lacking
Dec 28Is There An Opportunity With Qantas Airways Limited's (ASX:QAN) 49% Undervaluation?
Dec 10Why Qantas Airways Limited (ASX:QAN) Could Be Worth Watching
Nov 01These 4 Measures Indicate That Qantas Airways (ASX:QAN) Is Using Debt Extensively
Oct 08Qantas Airways (ASX:QAN) Knows How To Allocate Capital Effectively
Sep 16What Is Qantas Airways Limited's (ASX:QAN) Share Price Doing?
Jul 25We Think Qantas Airways (ASX:QAN) Is Taking Some Risk With Its Debt
Jun 28Qantas Airways (ASX:QAN) Hasn't Managed To Accelerate Its Returns
Jun 07What Is Qantas Airways Limited's (ASX:QAN) Share Price Doing?
Apr 18Does Qantas Airways (ASX:QAN) Have A Healthy Balance Sheet?
Mar 23Qantas Airways Limited's (ASX:QAN) Intrinsic Value Is Potentially 92% Above Its Share Price
Jan 05Should You Investigate Qantas Airways Limited (ASX:QAN) At AU$5.02?
Oct 01Qantas Airways Limited (ASX:QAN) Shares Could Be 34% Below Their Intrinsic Value Estimate
Jun 09Qantas Airways (ASX:QAN) Has Debt But No Earnings; Should You Worry?
Mar 21Is There Now An Opportunity In Qantas Airways Limited (ASX:QAN)?
Jan 26Is Qantas Airways (ASX:QAN) A Risky Investment?
Nov 04Are Investors Undervaluing Qantas Airways Limited (ASX:QAN) By 31%?
May 15Does Qantas Airways (ASX:QAN) Have A Healthy Balance Sheet?
Apr 19Announcing: Qantas Airways (ASX:QAN) Stock Increased An Energizing 127% In The Last Year
Mar 19Financial Position Analysis
Short Term Liabilities: QAN's short term assets (A$4.0B) do not cover its short term liabilities (A$11.7B).
Long Term Liabilities: QAN's short term assets (A$4.0B) do not cover its long term liabilities (A$8.5B).
Debt to Equity History and Analysis
Debt Level: QAN's net debt to equity ratio (1111.6%) is considered high.
Reducing Debt: QAN's debt to equity ratio has increased from 170.4% to 1712.6% over the past 5 years.
Debt Coverage: QAN's debt is well covered by operating cash flow (68.3%).
Interest Coverage: QAN's interest payments on its debt are well covered by EBIT (14.7x coverage).