Spring Airlines Co., Ltd.

SHSE:601021 Stock Report

Market Cap: CN¥54.0b

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¥2.7B making its interest coverage ratio 45.9. 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 ratio45.9x
CashCN¥9.61b
EquityCN¥17.72b
Total liabilitiesCN¥25.15b
Total assetsCN¥42.87b

Recent financial health updates

Recent updates

Spring Airlines Co., Ltd.'s (SHSE:601021) Intrinsic Value Is Potentially 46% Above Its Share Price

Oct 16
Spring Airlines Co., Ltd.'s (SHSE:601021) Intrinsic Value Is Potentially 46% Above Its Share Price

Does Spring Airlines (SHSE:601021) Have A Healthy Balance Sheet?

Oct 01
Does Spring Airlines (SHSE:601021) Have A Healthy Balance Sheet?

Spring Airlines (SHSE:601021) Has Some Way To Go To Become A Multi-Bagger

Aug 13
Spring Airlines (SHSE:601021) Has Some Way To Go To Become A Multi-Bagger

Investors Appear Satisfied With Spring Airlines Co., Ltd.'s (SHSE:601021) Prospects

Jul 13
Investors Appear Satisfied With Spring Airlines Co., Ltd.'s (SHSE:601021) Prospects

Calculating The Fair Value Of Spring Airlines Co., Ltd. (SHSE:601021)

Jun 21
Calculating The Fair Value Of Spring Airlines Co., Ltd. (SHSE:601021)

Is Spring Airlines (SHSE:601021) Using Too Much Debt?

May 21
Is Spring Airlines (SHSE:601021) Using Too Much Debt?

Results: Spring Airlines Co., Ltd. Beat Earnings Expectations And Analysts Now Have New Forecasts

May 02
Results: Spring Airlines Co., Ltd. Beat Earnings Expectations And Analysts Now Have New Forecasts

Investors Still Waiting For A Pull Back In Spring Airlines Co., Ltd. (SHSE:601021)

Apr 08
Investors Still Waiting For A Pull Back In Spring Airlines Co., Ltd. (SHSE:601021)

Capital Allocation Trends At Spring Airlines (SHSE:601021) Aren't Ideal

Mar 18
Capital Allocation Trends At Spring Airlines (SHSE:601021) Aren't Ideal

Financial 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 (45.9x coverage).


Balance Sheet


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