Flight Centre Travel Group Balance Sheet Health
Financial Health criteria checks 5/6
Flight Centre Travel Group has a total shareholder equity of A$1.2B and total debt of A$756.8M, which brings its debt-to-equity ratio to 62.9%. Its total assets and total liabilities are A$4.2B and A$3.0B respectively. Flight Centre Travel Group's EBIT is A$254.9M making its interest coverage ratio 9.1. It has cash and short-term investments of A$728.3M.
Key information
62.9%
Debt to equity ratio
AU$756.77m
Debt
| Interest coverage ratio | 9.1x |
| Cash | AU$728.29m |
| Equity | AU$1.20b |
| Total liabilities | AU$3.01b |
| Total assets | AU$4.21b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FLI's short term assets (A$2.5B) exceed its short term liabilities (A$2.3B).
Long Term Liabilities: FLI's short term assets (A$2.5B) exceed its long term liabilities (A$713.8M).
Debt to Equity History and Analysis
Debt Level: FLI's net debt to equity ratio (2.4%) is considered satisfactory.
Reducing Debt: FLI's debt to equity ratio has increased from 12.7% to 62.9% over the past 5 years.
Debt Coverage: FLI's debt is well covered by operating cash flow (55.7%).
Interest Coverage: FLI's interest payments on its debt are well covered by EBIT (9.1x coverage).