Spring Airlines Balance Sheet Health
Financial Health criteria checks 4/6
Spring Airlines has a total shareholder equity of CN¥16.4B and total debt of CN¥15.8B, which brings its debt-to-equity ratio to 96.1%. Its total assets and total liabilities are CN¥42.3B and CN¥25.9B respectively. Spring Airlines's EBIT is CN¥3.2B making its interest coverage ratio 11.8. It has cash and short-term investments of CN¥9.5B.
Key information
96.1%
Debt to equity ratio
CN¥15.77b
Debt
| Interest coverage ratio | 11.8x |
| Cash | CN¥9.49b |
| Equity | CN¥16.41b |
| Total liabilities | CN¥25.89b |
| Total assets | CN¥42.31b |
Recent financial health updates
Recent updates
Spring Airlines (SHSE:601021) Has Some Way To Go To Become A Multi-Bagger
Aug 13
Investors 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¥10.9B) exceed its short term liabilities (CN¥8.3B).
Long Term Liabilities: 601021's short term assets (CN¥10.9B) do not cover its long term liabilities (CN¥17.6B).
Debt to Equity History and Analysis
Debt Level: 601021's net debt to equity ratio (38.3%) is considered satisfactory.
Reducing Debt: 601021's debt to equity ratio has increased from 66% to 96.1% over the past 5 years.
Debt Coverage: 601021's debt is well covered by operating cash flow (41.2%).
Interest Coverage: 601021's interest payments on its debt are well covered by EBIT (11.8x coverage).