Spring Airlines Balance Sheet Health
Financial Health criteria checks 3/6
Spring Airlines has a total shareholder equity of CN¥17.7B and total debt of CN¥17.5B, which brings its debt-to-equity ratio to 98.6%. Its total assets and total liabilities are CN¥42.9B and CN¥25.1B respectively. Spring Airlines's EBIT is CN¥2.9B making its interest coverage ratio 11.5. It has cash and short-term investments of CN¥9.6B.
Key information
98.6%
Debt to equity ratio
CN¥17.46b
Debt
| Interest coverage ratio | 11.5x |
| Cash | CN¥9.61b |
| Equity | CN¥17.72b |
| Total liabilities | CN¥25.15b |
| Total assets | CN¥42.87b |
Recent financial health updates
Does Spring Airlines (SHSE:601021) Have A Healthy Balance Sheet?
Oct 01
Is Spring Airlines (SHSE:601021) Using Too Much Debt?
May 21Recent updates
Spring Airlines Co., Ltd.'s (SHSE:601021) Intrinsic Value Is Potentially 46% Above Its Share Price
Oct 16Does Spring Airlines (SHSE:601021) Have A Healthy Balance Sheet?
Oct 01Spring Airlines (SHSE:601021) Has Some Way To Go To Become A Multi-Bagger
Aug 13Investors Appear Satisfied With Spring Airlines Co., Ltd.'s (SHSE:601021) Prospects
Jul 13Calculating The Fair Value Of Spring Airlines Co., Ltd. (SHSE:601021)
Jun 21Is Spring Airlines (SHSE:601021) Using Too Much Debt?
May 21Results: Spring Airlines Co., Ltd. Beat Earnings Expectations And Analysts Now Have New Forecasts
May 02Investors Still Waiting For A Pull Back In Spring Airlines Co., Ltd. (SHSE:601021)
Apr 08Capital Allocation Trends At Spring Airlines (SHSE:601021) Aren't Ideal
Mar 18Financial Position Analysis
Short Term Liabilities: 601021's short term assets (CN¥11.1B) exceed its short term liabilities (CN¥8.6B).
Long Term Liabilities: 601021's short term assets (CN¥11.1B) do not cover its long term liabilities (CN¥16.5B).
Debt to Equity History and Analysis
Debt Level: 601021's net debt to equity ratio (44.3%) is considered high.
Reducing Debt: 601021's debt to equity ratio has increased from 65.5% to 98.6% over the past 5 years.
Debt Coverage: 601021's debt is well covered by operating cash flow (35%).
Interest Coverage: 601021's interest payments on its debt are well covered by EBIT (11.5x coverage).