Aegean Airlines Balance Sheet Health
Financial Health criteria checks 5/6
Aegean Airlines has a total shareholder equity of €384.6M and total debt of €220.1M, which brings its debt-to-equity ratio to 57.2%. Its total assets and total liabilities are €2.8B and €2.4B respectively. Aegean Airlines's EBIT is €242.7M making its interest coverage ratio 4.5. It has cash and short-term investments of €789.9M.
Key information
57.2%
Debt to equity ratio
€220.07m
Debt
| Interest coverage ratio | 4.5x |
| Cash | €789.93m |
| Equity | €384.56m |
| Total liabilities | €2.41b |
| Total assets | €2.79b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 32A's short term assets (€1.1B) exceed its short term liabilities (€1.1B).
Long Term Liabilities: 32A's short term assets (€1.1B) do not cover its long term liabilities (€1.3B).
Debt to Equity History and Analysis
Debt Level: 32A has more cash than its total debt.
Reducing Debt: 32A's debt to equity ratio has reduced from 89% to 57.2% over the past 5 years.
Debt Coverage: 32A's debt is well covered by operating cash flow (196.2%).
Interest Coverage: 32A's interest payments on its debt are well covered by EBIT (4.5x coverage).