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 09Recent updates
Calculating The Intrinsic Value Of Qantas Airways Limited (ASX:QAN)
Nov 25Not 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 18Financial 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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 20:59 |
| End of Day Share Price | 2024/12/30 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2024/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Qantas Airways Limited is covered by 31 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| David Fraser | APP Securities Pty Ltd. |
| Russell Wright | APP Securities Pty Ltd. |
| Matthew Ryan | Barrenjoey Markets Pty Limited |