Spring Airlines Balance Sheet Health
Financial Health criteria checks 3/6
Spring Airlines has a total shareholder equity of CN¥16.5B and total debt of CN¥19.9B, which brings its debt-to-equity ratio to 120.3%. Its total assets and total liabilities are CN¥43.3B and CN¥26.7B respectively. Spring Airlines's EBIT is CN¥3.3B making its interest coverage ratio 8.9. It has cash and short-term investments of CN¥10.6B.
Key information
120.3%
Debt to equity ratio
CN¥19.91b
Debt
Interest coverage ratio | 8.9x |
Cash | CN¥10.56b |
Equity | CN¥16.54b |
Total liabilities | CN¥26.73b |
Total assets | CN¥43.27b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 601021's short term assets (CN¥12.0B) exceed its short term liabilities (CN¥9.9B).
Long Term Liabilities: 601021's short term assets (CN¥12.0B) do not cover its long term liabilities (CN¥16.8B).
Debt to Equity History and Analysis
Debt Level: 601021's net debt to equity ratio (56.5%) is considered high.
Reducing Debt: 601021's debt to equity ratio has increased from 69.4% to 120.3% over the past 5 years.
Debt Coverage: 601021's debt is well covered by operating cash flow (31.8%).
Interest Coverage: 601021's interest payments on its debt are well covered by EBIT (8.9x coverage).