Chorus Aviation Balance Sheet Health
Financial Health criteria checks 4/6
Chorus Aviation has a total shareholder equity of CA$645.5M and total debt of CA$653.1M, which brings its debt-to-equity ratio to 101.2%. Its total assets and total liabilities are CA$3.5B and CA$2.8B respectively. Chorus Aviation's EBIT is CA$227.8M making its interest coverage ratio 2.4. It has cash and short-term investments of CA$23.7M.
Key information
101.2%
Debt to equity ratio
CA$653.07m
Debt
| Interest coverage ratio | 2.4x |
| Cash | CA$23.67m |
| Equity | CA$645.51m |
| Total liabilities | CA$2.83b |
| Total assets | CA$3.48b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1H0's short term assets (CA$2.4B) exceed its short term liabilities (CA$2.1B).
Long Term Liabilities: 1H0's short term assets (CA$2.4B) exceed its long term liabilities (CA$739.3M).
Debt to Equity History and Analysis
Debt Level: 1H0's net debt to equity ratio (97.5%) is considered high.
Reducing Debt: 1H0's debt to equity ratio has reduced from 291.7% to 101.2% over the past 5 years.
Debt Coverage: 1H0's debt is well covered by operating cash flow (39%).
Interest Coverage: 1H0's interest payments on its debt are not well covered by EBIT (2.4x coverage).