Southwest Airlines Balance Sheet Health
Financial Health criteria checks 5/6
Southwest Airlines has a total shareholder equity of $10.9B and total debt of $8.7B, which brings its debt-to-equity ratio to 79.6%. Its total assets and total liabilities are $35.9B and $25.0B respectively. Southwest Airlines's EBIT is $1.6B making its interest coverage ratio 6.6. It has cash and short-term investments of $13.7B.
Key information
79.6%
Debt to equity ratio
US$8.70b
Debt
Interest coverage ratio | 6.6x |
Cash | US$13.67b |
Equity | US$10.92b |
Total liabilities | US$25.02b |
Total assets | US$35.95b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SWN's short term assets ($16.4B) exceed its short term liabilities ($10.4B).
Long Term Liabilities: SWN's short term assets ($16.4B) exceed its long term liabilities ($14.6B).
Debt to Equity History and Analysis
Debt Level: SWN has more cash than its total debt.
Reducing Debt: SWN's debt to equity ratio has increased from 35.2% to 79.6% over the past 5 years.
Debt Coverage: SWN's debt is well covered by operating cash flow (39.8%).
Interest Coverage: SWN's interest payments on its debt are well covered by EBIT (6.6x coverage).