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
We Ran A Stock Scan For Earnings Growth And Spring Airlines (SHSE:601021) Passed With Ease
Dec 24Spring Airlines' (SHSE:601021) Returns Have Hit A Wall
Nov 27Spring 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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/31 09:43 |
| End of Day Share Price | 2024/12/31 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
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
Spring Airlines Co., Ltd. is covered by 29 analysts. 16 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 |
|---|---|
| Nathan Gee | BofA Global Research |
| Yichao Han | Changjiang Securities Co. LTD. |
| Hongwei Huang | Chasing Securities |