Qantas Airways Balance Sheet Health
Financial Health criteria checks 2/6
Qantas Airways has a total shareholder equity of A$117.0M and total debt of A$4.9B, which brings its debt-to-equity ratio to 4189.7%. Its total assets and total liabilities are A$19.3B and A$19.2B respectively. Qantas Airways's EBIT is A$2.5B making its interest coverage ratio 17. It has cash and short-term investments of A$1.5B.
Key information
4,189.7%
Debt to equity ratio
AU$4.90b
Debt
| Interest coverage ratio | 17x |
| Cash | AU$1.55b |
| Equity | AU$117.00m |
| Total liabilities | AU$19.16b |
| Total assets | AU$19.28b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: QAN's short term assets (A$3.6B) do not cover its short term liabilities (A$10.9B).
Long Term Liabilities: QAN's short term assets (A$3.6B) do not cover its long term liabilities (A$8.3B).
Debt to Equity History and Analysis
Debt Level: QAN's net debt to equity ratio (2869.2%) is considered high.
Reducing Debt: QAN's debt to equity ratio has increased from 111.5% to 4189.7% over the past 5 years.
Debt Coverage: QAN's debt is well covered by operating cash flow (73.7%).
Interest Coverage: QAN's interest payments on its debt are well covered by EBIT (17x coverage).